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State Will Be Out of Money Sooner Than Expected

State Controller John Chiang says California could run out of money in February -- a month sooner than even his most pessimistic estimate. The state's $11 billion shortfall this fiscal year could cau

State Will Be Out of Money Sooner Than Expected

State Controller John Chiang says California could run out of money in February -- a month sooner than even his most pessimistic estimate.  The state's $11 billion shortfall this fiscal year could cause the state to halt funding for infrastructure projects within weeks.

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Joining us on Morning Edition is Steven Levy, director of the Center for the Continuing Study of the California Economy.