California Governor Jerry Brown has amassed $17 million from a well of donors including Exxon Mobil Corp., Facebook Inc., Microsoft Corp. and even porn mogul Larry Flynt for a re-election campaign without saying he plans to run.
Neel Kashkari, the former Goldman Sachs Group Inc. executive chosen by ex-Treasury Secretary Henry Paulson to help rescue the U.S. banking system, is readying a challenge to California Governor Jerry Brown even as the world’s 10th-largest economy reaches its highest level in more than three decades.
California lawmakers and Governor Arnold Schwarzenegger agreed on a “framework” to close a $19 billion deficit, ending an impasse that pushed the most-populous U.S. state near insolvency for a second year running.
California Governor Jerry Brown likes to brag about how frugal he is. He refused to live in the state mansion during his first term three decades ago and shunned the office’s Cadillac limousine for a Plymouth Satellite sedan.