Gov. Gavin Newsom’s revised state budget assumes California will see a sharp decline in projected revenue, largely because ...

Wrong revenue projections a few years ago led California to overspend, creating structural deficits. Now underestimated ...

The U.S. Senate last week rejected an effort by Sen. Alex Padilla, D-Calif., and Democratic colleagues that would have forced ...

California Gov. Gavin Newsom has unveiled a $322 billion budget proposal that aims to address a projected $12 billion deficit ...

Gov. Gavin Newsom said Wednesday morning that California is facing a shortfall of $12 billion for the upcoming budget year.

To blame tariffs for the deficit is like blaming a heart attack on the cheeseburger you ate last week, instead of the ones ...

Gov. Gavin Newsom presents his revised version of the state’s budget on Wednesday. Hector Amezcua [email protected] Good ...

California Gov. Gavin Newsom has proposed a pause to the ... and stock market volatility brought on by the tariff war. The budget Newsom first proposed in January included little new spending.

SACRAMENTO, Calif. -- California is staring down an $12 billion budget deficit, Gov. Gavin Newsom said Wednesday. The ...

AP Last week California Gov. Gavin Newsom announced that his state is facing a $12 billion budget deficit. As has become the habit for every blue-state governor in trouble, he pinned the blame on ...

The Newsom administration is predicting an additional $12-billion budget deficit for 2025-26. The shortfall comes in addition to $27.3 billion in remedies Democrats previously agreed to adopt to ...