The deadline is today. A deadline with almost chance of being met.

Today's the deadline for Gov. Arnold Schwarzenegger and the Legislature to close a $24.3 billion deficit so the state controller can get emergency loans to help California avoid running out of cash next month.

But the budget deficit remains far from being solved, and without a solution the state will probably be forced to delay payments to local governments, vendors and others at the end of July.

So expect the California economy to take another hit in 6 weeks or so.
Also, California is taking another useless step at kicking the real estate bust down the road.

California is imposing a 90-day moratorium on housing foreclosures under a new law that takes effect Monday.
...
But supporters acknowledge the California Foreclosure Prevention Act won't stop thousands of foreclosures from eventually happening.

The bill passed in February is similar to the Obama administration's Making Home Affordable Program that began in March.

You might remember the Obama Program for completely failing to work.