LOS ANGELES, July 24 (Xinhua) -- California lawmakers ended a more than -20-hour discussion on Friday with approval of a plan to end the U.S. state's budget crisis.
The plan will close the state's 26.3-billion-dollar budget gap by cutting off social services, borrowing from local governments and reducing state employees' payments.
The assembly of the state legislature approved the final version of the resolution package through a vote on Friday afternoon and the Senate voted earlier in the morning after a long night of discussion.
An agreement on resolving the budget crisis, which has prompted the state government to issue IOUs for its debts, was reached earlier in the week between California Governor Arnold Schwarzenegger and the legislative leaders.
But Schwarzenegger will not sign the budget bills until early next week, after the document has been reviewed by his aides over the weekend, according to the governor's office.
State finance officials said that, even after the governor signed the bills, it might still take weeks before the budget took effect and the state-issued IOUs could be cleared.
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