First Take: Meg Whitman and her taxes. Bill Lockyer delays bond sale.

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Shane Goldmacher reports that if the rest of the nation wants to know how a recent U.S. Supreme Court ruling may affect federal elections, it should look to California for some clues.

Tom Petruno reports that the Legislature’s failure to pass a budget fix this week has forced Treasurer Bill Lockyer to delay the sale of some state bonds.

Meg Whitman tells Seema Mehta she’s not sure if, let alone when, she’ll release her tax returns.

In the Capitol, a state Senate committee on Wednesday is scheduled to hear a number of bills, written by Republican lawmakers, that would ease environmental restrictions in the name of job creation.

The Assembly Budget Committee is planning to continue hearing budget-related proposals in anticipation of upcoming floor votes.

Gov. Arnold Schwarzenegger and former President Clinton are scheduled to be in Los Angeles on Wednesday for the governor’s annual summit on health and obesity.

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-- Anthony York