First Take: Schools miss billions because of budget stalemate. Boxer, Fiorina exchange barbs.

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The state’s prolonged budget standoff cost schools $2.5 billion -- money they are due but will not receive until the budget is passed.

A fight over power plants has turned into one of the major environmental battles at the end of the legislative session. With only one week left in the legislative session, the sprint to the finish is going to be chaotic.

Sen. Barbara Boxer (D-Calif.) rejected Carly Fiorina’s call for congressional term limits as a campaign ploy.

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--Anthony York in Sacramento