The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...
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Newsom faces another multibillion-dollar budget shortfall in his last year as California governor
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, ...
Newsom’s $349B budget projects a $2.9B deficit boosts education and braces for future shortfalls amid federal funding cuts.
Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...
His budget proposal lacks a specific plan for potentially millions of Californians losing health insurance due to federal ...
The Newsom administration released the proposal Friday for the upcoming 2026-27 budget year, which acts as a starting point ...
The resolution expresses the sense of the House of Representatives that the United States should reduce and maintain the federal unified budget deficit at or below 3% of GDP while acknowledging that ...
The Newsom administration once overstated income by $165 billion over four years. Now Newsom has announced $42 billion in new ...
Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...
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