Schwarzenegger's Post-Election Plan

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After next Tuesday's special budget election, Californians will still find their state government awash in red ink. There will either be a $16 billion or a $21 billion shortfall. On Thursday, Governor Arnold Schwarzenegger laid out two different scenarios for closing the gap, depending on the fate of next week's budget-related ballot measures. But it's not just up to the voters. The state budget's fate also relies on the banks, the courts and federal economic support. Reporter: John Myers

• More: Complete Coverage of the 2009 California Special Election