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California's flush with cash. Newsom wants to cut spending anyway. Here's why.

Gov. Gavin Newsom is proposing budget cuts and boosting California's reserves. He's bracing for an A...

LATEST NEWS May 14, 2026

California's flush with cash. Newsom wants to cut spending anyway. Here's why.

Gov. Gavin Newsom is proposing budget cuts and boosting California's reserves. He's bracing for an AI stock bubble burst and more Trump cuts.

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Gov. Gavin Newsom is proposing budget cuts and boosting California's reserves. He's bracing for an AI stock bubble burst and more Trump cuts.

Author: CalMatters

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