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Budget Deal Close But ‘Not There Yet’

The constitutional deadline for the legislature to pass a budget is now just two weeks away, and California Gov. Jerry Brown said he's close to a deal with a handful of Republican lawmakers.

"An inch can be a mile in this business. So I don't want to say - so we're not there yet. Definitely, there are some very tough issues - pensions, maybe cap, maybe not as much. And then certain regulatory questions that are still being hammered out," said Brown.

But the governor is avoiding any public discussion on the details. When asked about what kind of spending cap he'd support he said, "that's something that is in very delicate negotiations right now and I'm not going to upset the apple cart by opining on one term or another."

Gov. Brown doesn't seem as optimistic about his proposal to eliminate the state's more than 400 redevelopment agencies. He's calling that particular subject "a tall hill."

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