Newsom Blames ‘Trump Slump’ for California’s $12 Billion Deficit

(Bloomberg) -- California Governor Gavin Newsom unveiled a budget proposal that aims to close a $12 billion deficit, marking the third consecutive fiscal year in which state lawmakers need to plug significant shortfalls. Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’Power-Hungry Data Centers Are Warming Homes in the NordicsA New Central Park Amenity, Tailored to Its East Harlem NeighborsHow a Highway Became San Francisco’s Newest ParkIllinois Cuts Revenu

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