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

Some of the Same News Outlets Warning About ‘Disinformation’ Are Taking Millions To Print Chinese Propaganda

When U.S. news outlets’ lucrative peddling of Chinese propaganda was exposed in 2019 and 2020, it was a scandal. Human rights groups condemned the practice, and the New York Times and Wall Street Journal swore off Chinese Communist Party money. In the years since, however, a number of major U.S. newspapers and magazines have kept