Los Angeles news online: Governor vetoes $4-billion package of budget cuts Governor vetoes $4-billion package of budget cuts ================================================================================ politics on 09/03/2010 07:12:00 Schwarzenegger and fellow Republicans had criticized the bill as a parlor trick because it would make cuts to a budget that the Legislature hasn't passed yet. Gov. Arnold Schwarzenegger on Monday afternoon vetoed the largest piece of a $4-billion package of bills lawmakers approved in recent weeks to reduce the state's nearly $20-billion budget deficit.