Gov. Gavin Newsom’s first budget proposal, unveiled two months ago, took a surprisingly conservative approach, given his promises of high-dollar spending during his campaign for the governorship. While he proposed token appropriations to expand health insurance for the poor and pre-kindergarten care and education, his 2019-20 budget would devote most...
In a Blow to Trump, America’s Trade Deficit Hit Record $891 Billion
By Jim Tankersley and Ana Swanson WASHINGTON — America’s trade deficit with the rest of the world rose to its highest level in history last year as the United States imported more goods than ever, including a record amount from China, ballooning the deficit to $891.3 billion and delivering a setback...