Sacramento - Gov. Arnold Schwarzenegger and legislative leaders say they've reached a budget deal. The governor and lawmakers say after nearly five hours of talks Friday they agreed on a deal that breaks the record-long budget impasse and attempts to close California's $19 billion deficit.
No details have been released, but the governor had indicated he would not sign a budget unless lawmakers to series of pension reforms he was seeking.
Senate President Pro Tem Darrell Steinberg say there was "not a lot of celebrating" suggesting that it was a tough compromise with both sides making concessions.
Legislative leaders say they still need time to share details with lawmakers before the budget can be put to a vote