Were a private corporation to cook its books like the state government does, its executives could wind up in jail for fraud.

If approved by California lawmakers, government spending will exceed revenues by $21 billion in 2025-26 fiscal year.

The state has adopted the same hide-the-pea approach to budgeting that the federal government employs, one that has resulted in trillions of debt.

LAST YEAR America ran a budget deficit of 7% of GDP. It may soon be even bigger. President Donald Trump’s One Big Beautiful Bill Act, now working its way through Congress, permanently extends ...

California isn’t only state beefing up its film incentives. Texas’ film and TV incentive fund will grow $50 million to $150 million for films with a budget of at least $1.5 million that have ...

California will halt new enrollments for undocumented adults in Medi-Cal, effectively capping the program's growth.

Democratic leaders also rely on using state savings, borrowing from special funds and delaying payments to plug the budget ...

California Gov. Gavin Newsom signed on Friday a budget that pares back a number of progressive priorities, including ...

Legislative leaders would have us believe that the 2025-26 budget agreement they forged with Gov. Gavin Newsom this week is a ...

President Donald Trump says chronic U.S. trade deficits are a national emergency. His tax bill will make them worse. The Senate began voting Saturday on the president’s signature legislation ...