CA Controller John Chiang Talks Budget Crisis

State Controller John Chiang talks about the state budget crisis. If you think it was bad in January — $9 billion — now it’s really bad — $16 billion and counting. Will the state be able to pay its bills? What impact does the Facebook IPO have on our state budget? NBC4’s Conan Nolan talked to Chiang on News Conference, which airs every Sunday. Air date: May 20, 2012.