Reported about 17 hours ago
California Governor Gavin Newsom has proposed a budget to address a $12 billion deficit, attributing it to the economic impacts of former President Trump's trade policies. He noted that what was once projected as a $363 million surplus has shifted due to rising costs and uncertainty from tariffs affecting revenue forecasts. The new budget focuses on significant spending cuts and reforms, including ending free health care for most undocumented immigrants, while also considering borrowing strategies to manage the financial shortfalls.
Source: YAHOO