2027 Budget Increases Defense Spending, Cuts $73B in Other Areas
The White House unveiled President Donald Trump’s budget proposal for 2027 on Friday, which plans to increase the defense budget by $445 billion while cutting non-defense spending by $73 billion compared to 2026. The Office of Management and Budget, headed by Secretary Russ Vought, is aiming for a 10% reduction in non-defense spending from the […]
Gov. Gavin Newsom faces reckoning with $73B budget deficit lawmakers say he helped create
California Governor Gavin Newsom needs to eliminate a $73 billion budget deficit by the end of June, but some lawmakers and analysts say the governor’s “mismanagement of the state’s finances” has caused the problem. claims. In 2022, Newsom will $301 billion budget It was enacted into law and boasted a surplus of $97 billion. The […]