SACRAMENTO, Calif. (AP) — California Democratic leaders announced Thursday they had come to an agreement on a plan that would reduce the state’s staggering multibillion-dollar shortfall by $17.3 billion through a combination of spending cuts, delays and deferrals. Gov. Gavin Newsom had enjoyed unprecedented surplus budgets of more than $100 billion throughout the COVID-19 pandemic. But the past two years have saddled him with a pair of multibillion-dollar deficits, a less-welcome position for a governor seen as a potential Democratic presidential candidate. Last year, facing a $32 billion deficit, Newsom and lawmakers were able to avoid major spending cuts by making smaller cuts, borrowing a
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