California Governor Arnold Schwarzenegger on Wednesday proclaimed a fiscal emergency following the legislature's inability to pass a comprehensive solution to solve California's entire 24.3-billion-dollar deficit.

The governor said he has to exercise his executive authority to save cash for vital state functions and services by ordering three furlough days every month.

The governor reaffirmed that he will not sign any legislation until a solution for the entire budget deficit is in place.

"Though the legislature failed to solve our budget problem yesterday, rest assured that solving the entire deficit remains my first and only priority, and I will not rest until we get it done, " said the governor. "I will not be a part of pushing this crisis down the road -- the road stops here."

The governor called a Legislative special session to address this emergency.