Trump’s tax legislation increases deficit by $3.4 trillion and causes 10 million to lose health insurance, according to the CBO
Trump’s New Law Expected to Impact Health Insurance and Federal Spending WASHINGTON – The recently enacted “One Big Beautiful Bill Act” is projected to increase the deficit by $3.394 trillion over the coming decade, potentially causing 10 million individuals to lose their health insurance coverage. This assessment follows the near-unanimous approval of the law by […]
California closes $12-billion deficit by cutting back immigrants’ access to healthcare
Sacramento – California Gov. Gavin Newsom signed a budget Friday to close the $12 billion deficit, including a groundbreaking healthcare expansion for low-income adult immigrants without legal status. For the third year in a row, the country’s most populous states have been forced to cut funds and stop some of the programs supported by Democratic […]
L.A. County and city are reeling financially. Only one faces a $1-billion deficit
Good morning and welcome to Records LA – City Hall newsletter. It’s Rebecca Ellis, and with the support of her colleague David Zanizer, we’ll be providing city and county government updates. Newsletter Get Lowdown for La Politics Sign up for our LA City Hall newsletter for weekly insights, scoops and analysis. Please enter your email […]
Economist For Former GOP President Says US Needs ‘Big Trade Deficit’
Former Reagan economist Artraffer said on Monday in Fox Business that the US should not only tolerate it, but to embrace a significant trade deficit. US stocks plummeted Thursday. President Donald Trump announced new baseline 10% tariffs and increased tariffs in countries with trade disruptions, leading to the worst session of the Dow since June […]
Fiscal Hawks Warn GOP Spending Plan Must Reject ‘Budget Gimmick’ That Could Add Trillions To Deficit
The conservative fiscal Hawks are denounced untested accounting tactics not driven by GOP lawmakers who allow Congress to borrow trillions of dollars without realizing the impact of future tax and spending bills. President Donald Trump has called on Republicans in Congress to extend the tax cuts enacted during his first term, which is set to […]
AG Secretary Says Biden Admin Racked Up $49 Billion Trade Deficit That Triggered 30% Surge In Farm Costs
US Agriculture Secretary Brook Rollins said Wednesday in the Fox business that the Biden administration left a $49 billion deficit in the export market, bringing the cost of agricultural inputs up 30%. Between exterior On “Kudlow,” Rollins said there is a $49 billion deficit in agricultural products, which deviate from the balanced trade figures seen […]
Flagstaff, other Arizona mountain towns in major snowfall deficit
Flagstaff, Arizona (azfamily) – Monday snow in northern Arizona was a very welcome sight as popular spots like Flagstaff are on track. The continuous dryness over the past few months has made firefighters worried about what this means for this year’s fire season. The numbers looking for this story do not include snowfall on Monday. […]
After reducing deficit, Newsom plans bring extra costs to California
California’s tax revenues are higher than expected, but Gov. Gavin Newsom’s spending proposals and other state costs could quickly swallow up the extra money. An additional $420 million in tax breaks for Hollywood movie studios. $25 million for legal battle against President-elect Donald Trump. Unexpected costs of providing health care to the elderly and undocumented […]
Newsom signs budget to close California’s $46.8-billion budget deficit
Sacramento — Gov. Gavin Newsom signed it on Saturday. California's budget will close an estimated $46.8 billion deficit Through $16 billion in spending cuts and temporary tax increases on some businesses. Lawmakers passed the budget Wednesday following an agreement between Gov. Newsom and legislative leaders that included concessions on both sides and wins on both […]
How to close California’s budget deficit? Democrats plan to have a plan
Three of the most influential Democrats in the state Capitol made some bizarre announcements on Wednesday. In short, they He is working on a plan to address the state's huge budget deficit. By making some spending decisions this spring, well before the June deadline for passing a budget. But they did not say how much […]
