California lawmakers vote for $17B deficit reduction plan
The California Legislature passed nearly $17 billion in spending cuts Thursday. Previous efforts pushed by Gov. Gavin Newsom and his Democratic allies have provided small revenue boosts, including $1.5 billion in additional revenue from increased taxes on companies that administer the state’s Medicaid program. . Lawmakers have already rejected attempts to reduce the budget deficit […]
California Is Staring Down The Barrel Of A Yawning Budget Deficit. Can It Even Be Fixed?
California disclosed a large budget deficit earlier this year, and experts question whether the state can balance its budget without resorting to short-term gimmicks. The state is expected to run a $73 billion budget deficit in fiscal year 2024, with a projected $24 billion drop in tax revenue due to the exodus of people from […]
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 […]
California lawmakers find solution to cut $17 billion from looming budget deficit
Gov. Gavin Newsom (D-CA) and Democratic lawmakers in California reached an agreement Thursday to slash the state’s massive budget deficit by $17.3 billion through an array of cuts, delays, and deferrals. Though the state’s exact budget deficit is uncertain, the Legislative Analyst Office reported it was $73 billion earlier this year, while Newsom says it’s […]
California Dems reach $17.3B deficit reduction agreement
California Democratic leaders announced Thursday that they have reached an agreement on a plan that will reduce the state’s staggering multibillion-dollar funding shortfall by $17.3 billion through a combination of spending cuts, deferrals and postponements. Governor Gavin Newsom has enjoyed an unprecedented budget surplus of more than $100 billion during the coronavirus pandemic. But he […]
California Republicans question Democrats’ $1.5 billion ask for low-income healthcare despite massive budget deficit
California Republican lawmakers are questioning how Democrats will spend an approved $1.5 billion boost to fund Medi-Cal while the state grapples with a budget deficit anywhere from $38 billion to $73 billion, depending on who you ask. With Gov. Gavin Newsom‘s (D-CA) budget, the California Legislative Analyst’s Office reported that the state would spend about […]
Exclusive — Sen. J.D. Vance Sounds Alarm over $10 Billion Defense Stock Deficit Thanks to Biden’s War in Ukraine
Sen. J.D. Vance (R-Ohio) sent a letter to Secretary of Defense Lloyd Austin on Monday, warning of the nation’s $10 billion defense stockpile deficit thanks to President Joe Biden’s seemingly never-ending proxy war against Russia. rang. “We are concerned about recent reports that the Biden administration has sent $10 billion worth of weapons to Ukraine, […]
Biden Will Continue to Fight Deficit by Raising Taxes
On Friday’s broadcast of FOX News Channel’s “Your World,” Transportation Secretary Pete Buttigieg said there is still work to be done when it comes to deficit reduction, and that President Joe Biden intends to continue working to reduce the deficit, and that the This is the reason for reducing the fiscal deficit. Proposed tax increases. […]
Carney on ‘Kudlow’ Fact Checks Biden’s Lie That He Eliminated the Trade Deficit
Breitbart Economics Editor-in-Chief John Carney Said On Friday, FOX Business Network’s “Kudlow” said the worst lie in President Joe Biden’s State of the Union address was his claim that he had eliminated the trade deficit. Anchor Larry Kudlow asked, “John, I just want to ask you, what was the worst economic falsehood you heard in […]
Biden Falsely Claims He Eliminated The Trade Deficit
Claim: Biden said the U.S. exports foreign goods rather than importing them, and suggested the trade deficit had been eliminated or reduced during his presidency. “And now, instead of importing foreign products and exporting American jobs, we are exporting American products and creating American jobs – right here in America, where they belong!” Biden said. […]