California Sees $54 billion Budget Deficit Amid Shutdowns

The transcript discusses the financial challenges faced due to COVID-19, projecting significant budget shortfalls. It emphasizes the importance of collaboration among state leaders to protect vulnerable populations. The speaker highlights the need for federal support and provides alarming unemployment statistics, with millions filing for unemployment insurance and billions in claims processed.

What collaborative approach is emphasized to get through the challenges mentioned?

What is the condition for the speaker's optimism regarding federal support?