Gov.-elect Arnold Schwarzenegger introduced key members of his transition team Thursday, saying the first thing they would do is conduct an audit to find out just how serious the state's deficit is. Schwarzenegger, who will take office as soon as the results of Tuesday's recall election are certified, said his first priority will be investigating the state's finances. The Republican said the state's budget shortfall for next fiscal year may have risen to at least $10 billion. "One of the first things we have to do is audit. Open up the books and let the people look inside. Let the sun shine in," Schwarzenegger said at a news conference at a Santa Monica hotel. Several Democrats are among the 67 California notables on the Republican's team, including San Francisco Mayor Willie Brown, Los Angeles Mayor James Hahn and former Assembly Speaker Bob Hertzberg. Republicans include former Gov. Pete Wilson, former U.S. secretary of state and treasury George Shultz and Bill Simon, once a rival of Schwarzenegger's in the recall election. Business leaders on the team include billionaire builder Eli Broad and Hewlett-Packard chief executive officer Carly Fiorina.

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