Despite New Law, California Lags In Personal Finance Education

As a new generation of high school seniors gets set to go out into the world, advocates say there's a very important lesson schools aren't teaching them -- the ability to manage their money.

Gov. Brown Releases Revised Budget Proposal

California programs hoping to nab a bigger chunk of the of the upcoming state budget may be disappointed. Gov. Jerry Brown releases his revised budget proposal today, and lower-than-expected revenue means he'll likely resist increased spending. HD Palmer is with Brown's Department of Finance. He says April revenues were about $1 billion below projections. The final budget is due in mid-June, and Palmer says lawmakers from both parties have budget requests in the mix.