Lawmakers approve California budget under looming deadline

California lawmakers passed the state's main budget bill Sunday, less than six hours before the constitutional deadline.

The vote comes after Gov. Jerry Brown and legislative leaders last week reached a compromise on a $156.4 billion budget package for the fiscal year beginning July 1. The spending plan includes more money for Medi-Cal and welfare-to-work and an expansion of child care and preschool programs for poor children. It also begins to pay down an estimated shortfall of more than $74 billion in the teachers' pension fund, puts about $1.6 billion into a special rainy day fund and holds about $460 million more in reserve.  Read more here.

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