California Legislature approves budget that slashes spending to address $46.8 billion deficit ...Middle East

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California Legislature approves budget that slashes spending to address $46.8 billion deficit
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Associated Press SACRAMENTO, Calif. (AP) — California lawmakers approved on Wednesday a budget that slashes spending and temporarily raises taxes on some businesses to close an estimated $46.8 billion budget deficit. It’s the second year in a row the nation’s most populous state has been forced to pare back or delay some of its progressive policies that had been fueled by record-breaking surpluses during the COVID-19 pandemic. It was just two years ago that Gov. Gavin Newsom and his fellow Democrats in the state Legislature were boasting about surpluses that totaled more than $100 billion, the product of hundreds of billions of dollars of federal COVID-19 aid and a progressive tax cod

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