California’s dire financial picture
Publisher |
KCRW
Media Type |
audio
Categories Via RSS |
News
Publication Date |
May 15, 2020
Episode Duration |
00:18:14

This week, Gov. Gavin Newsom said California could face a $54 billion shortfall if the federal government doesn’t provide help. It’s a rapid financial collapse, with California going from a comfortable budget surplus to a massive deficit in about eight weeks. 

This week, Gov. Gavin Newsom said California could face a $54 billion shortfall if the federal government doesn’t provide help. It’s a rapid financial collapse, with California going from a comfortable budget surplus to a massive deficit in...

California Governor Gavin Newsom on Thursday implored the federal government to send money to California and other states. 

“The enormity of the task at hand cannot just be borne by a state. The federal government has a moral and ethical and economic obligation to support the states. After all, what is the point of government, if not to protect the people, their safety, and the well-being of citizens?” he said. 

Newsom said without federal help, California could face a $54 billion shortfall. It’s a rapid financial collapse, with California going from a comfortable budget surplus to a massive deficit in about eight weeks. 

This episode currently has no reviews.

Submit Review
This episode could use a review!

This episode could use a review! Have anything to say about it? Share your thoughts using the button below.

Submit Review