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Governor Jerry Brown has landed a big win in court. The three-judge panel overseeing state prisons has given the Brown administration an additional two years to downsize the inmate population by another 5,000 inmates. In return, the Brown administration is promising not to file any more appeals, or ask for any more time.
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Better-than-expected revenues continue to flood California's coffers, surpassing estimates in the governor's budget by $388 million just in January. That's according to the latest report released by the state controller's office on Monday. But what goes up will go down -- and Governor Brown is pressing lawmakers to set up a rainy day fund. The hope is to offset the financial volatility that's plagued the state for decades. Reporter: Scott Detrow
End Music: "La Ambición" by Pacific Mambo Orchestra, from the album "Pacific Mambo Orchestra" (Stefrecords/Tumalanmusic)