California Gov. Gavin Newsom is seeking ways to close a $23 billion deficit while Texas Gov. Greg Abbott is looking to spend a $33 billion surplus. These numbers are likely to be used in political discussions between blue and red states, but it is important to note that every state...
California Asks for Surplus Federal Land to House Homeless
SACRAMENTO — California is asking the Trump administration to provide surplus federal land that could be used to build housing for the homeless, mirroring a new state program. Gov. Gavin Newsom sent the request in a letter Tuesday to U.S. Housing and Urban Development Secretary Ben Carson amid an ongoing...
California Feud With Trump Could Impact Budget Surplus
SACRAMENTO — California is bracing for a much smaller budget surplus next year because of its ongoing feud with the Trump administration about a tax involving Medicaid, the state's chief budget writer said Monday. California is projected to have a $7 billion surplus, with $3 billion of it available to...
US Trade Trade Deficit Falls to $52.5 Billion in September
WASHINGTON — The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it sells...
Newsom to Reveal Updated $200 Billion Spending Plan
SACRAMENTO — California is flooded with money and Gov. Gavin Newsom will outline how he thinks the nation's most populous state should spend it Thursday when he releases a revised version of his $200 billion-plus state budget. The Democratic governor has already proposed new spending to expand health care for...