California Budget Deficit Swells to $73 Billion as Incoming Tax Revenue Falls, Watchdog Reports

California’s budget watchdog warned Tuesday that the state’s deficit has swelled to $73 billion this year, just a month after Gov. Gavin Newsom (D.) painted a rosier picture of the state’s financial outlook. Incoming tax revenue is so low that the state’s budget analyst believes they will ultimately fall $24 billion below Newsom’s budget proposal,

Trump and GOP lag Biden and Democrats in fundraising in early 2024

President Biden and Democrats started off the year with a significant fundraising edge over former President Trump and the Republican National Committee, campaign finance reports filed Tuesday with the Federal Election Commission show.  Mr. Biden’s campaign says it entered February with $130 million cash on hand across its affiliated committees. Two of those entities, the