California lawmakers hid $2 billion accounting error during budget deficit talks

California lawmakers concealed a $2 billion accounting error for months while discussing budget deficits. The error, identified in February by the Legislative Analyst's Office, involved miscalculations related to CalPERS payments. Lawmakers and the governor's administration did not disclose it publicly during budget negotiations. The governor's office claims it was a revision, not an error, and will be reflected in the upcoming revised budget. Republicans criticize the lack of transparency.