Broke and bitterly split, California is on skid row By Andrew Gumbel in Los Angeles 01 July 2003 The state of California, as of midnight last night, was officially broke. The richest, most populous state in the union - by some measures the world's fifth biggest economy - is facing a budget deficit of $38bn (£23bn). Midnight was the nominal deadline for the state legislature to balance the books for the new budgetary year, which begins today. But the legislature, riven by partisan rivalries, including a vicious battle to unseat the governor just months after his re-election, never stood a...