Gov. Gavin Newsom says California's new budget is balanced, but critics argue it relies on reserves, borrowing and delayed payments to mask a continuing structural deficit and growing long-term debt.
Accurately describing the state financial situation depends largely on a person’s definitions of “balanced” and “deficit.” CALmatters is a public interest journalism venture committed to explaining ...
Accurately describing the state financial situation depends largely on a person’s definitions of “balanced” and “deficit.” Gov. Gavin Newsom and legislative leaders describe the 2026-27 budget they ...
Accurately describing the state financial situation depends largely on a person’s definitions of “balanced” and “deficit.” Gov. Gavin Newsom and legislative leaders describe the 2026-27 budget they ...
This story was originally published by CalMatters. Sign up for their newsletters. Accurately describing the state financial situation depends largely on a person’s definitions of “balanced” and ...
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...
The Trump administration says it’s working to reduce the amount of fraud in federal government programs. However, fiscal experts have said that those reductions alone won’t “save” the Social Security ...
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