Newsom said the shortfall was in part due to the Trump administration’s economic policies, a volatile stock market, and reduction in global tourism.

His administration said it would attempt to reach savings through negotiations with the state’s bargaining units before imposing reductions.

Commercial construction spending has surged to its highest level in over 20 years, exceeding $740 billion in early 2025. But ...

The science of making “polluters pay” is losing momentum in an unfavorable political environment in California's Legislature.

But the personal finance website noted in a new study that household debt varies by city nationwide. The team looked at ...

States are right to ask the courts to stop Trump’s misuse of the law.

Gov. Gavin Newsom was quick to announce that California's economy ranked fourth in the world, but maybe he spoke too soon. (Eric Thayer / Associated Press) ...

Adjusting California's GDP for the purchasing power of its residents, the center calculated, would drop California's ranking all the way down to 11th, behind Japan (fifth), but also behind Russia ...

Gov. Gavin Newsom has some good news, citing federal and international statistics: California has just moved up a notch to become the world’s fourth-largest economy. That happened because the ...

When the scores were added up, and the ranking was determined ... says US will not pay for California high-speed rail. Here's what to know Murrieta had the best economy in the report, recording ...