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California Gov. Newsom announces $12 billion budget deficit

California governor announces $12 billion budget deficit

California is staring down an $12 billion budget deficit, Gov. Gavin Newsom said Wednesday. The Democratic governor shared the number as he laid out his nearly $322 billion state spending plan for the upcoming fiscal year.

The Hill on MSN · 16h

Newsom announces $12B deficit in revised California budget proposal

California Gov. Gavin Newsom (D) announced a $12 billion deficit on Wednesday in the May revision of his state budget proposal, casting blame on the Trump administration for creating an

The Press Democrat · 11h

Trump tariffs and rising health care costs knock California budget back into deficit

As Gov. Gavin Newsom prepares to unveil his revised budget proposal, California is experiencing unexpectedly shaky economic conditions, with a likely deficit of more than $10 billion next year.

Tax cut, Republicans and U.S. deficit

The Hill on MSN · 1d

Republican tax bill would add $3.7 trillion to the national deficit: JCT

The tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over the next decade, the Joint Committee on Taxation (JCT)

The Washington Post on MSN · 2h

GOP tax bill on track to add more than $2.5 trillion to U.S. deficit

The figure is expected to intensify a national debate over spending and tax levels as President Donald Trump tries to push the legislation through Congress.

Soy Aire on MSN · 1d

Republican tax bill could increase federal deficit to 1.5% of GDP

A new analysis by the Committee for a Responsible Federal Budget (CRFB) reveals that the Republican-backed tax bill in the House of Representatives could significantly increase the federal deficit.

2don MSN

US budget surplus surges to $258 billion in April, year-to-date deficit tops $1 trillion

The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, ...

Public Broadcasting Service (PBS)14h

California Gov. Newsom outlines $12 billion deficit and freeze on immigrant health care access

California is facing a $12 billion deficit that Gov. Gavin Newsom wants to help close by freezing enrollment in a ...

23h

Not-so-happy deficit day, everyone

DRIVING THE DAY — Gov. Gavin Newsom will propose capping undocumented Californians’ enrollment in Medi-Cal as the programs’ ...

LAist14h

CA's $12 billion deficit

Gov. Gavin Newsom today announced that California is facing a $12 billion budget deficit, spurred by soaring costs for social ...

1don MSN

Tariff Revenue is Surging, But Not Enough To Plug Federal Deficit

The U.S. collected a record $16.3 billion in customs revenue in April, although the "Liberation Day" import tax revenue surge ...

In praise of America’s trade deficit

I have had two takes on US President Donald Trump’s trade war in the past month. First, I pointed out that too many people accept the dubious claim that reducing the trade deficit will boost ...

Celtic showed off their championship mettle in closing the series deficit with the Knicks to 3-2

The Celtics' 127-102 win was a masterclass in teamwork and resilience from a team that was written off in the past 48 hours.

1don MSN

Global cobalt market seen swinging to deficit from surplus in early 2030s

Demand for cobalt will rise faster than supply, allowing the market to reduce the 2024 surplus in coming years and swing to a ...

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California Gov. Newsom announces $12 billion budget deficit

Tax cut, Republicans and U.S. deficit

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