John A. Perez speaks during day two of the Democratic National Convention at Time Warner Cable Arena on September 5, 2012 in Charlotte, North Carolina.
There's a lot of pressure on Democrats in Sacramento to loosen the spending spigot, given that the state's fiscal revenues are running ahead of estimates. For now, at least, Assembly Speaker John Perez is refusing to budge. He wants a rainy day fund instead. Reporter: Scott Detrow