Newsom says California faces $12bn deficit and wants to freeze...

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2025-10-17 05:07:34 -

https://fortune.com/article/gavin-newsom-california-12-billion-deficit-medicaid-spending/

Newsom says California faces $12bn deficit and wants to freeze undocumented immigrant health program access | Fortune

Beyond higher-than-expected Medicaid spending, Gavin Newsom blamed broad economic uncertainty, including federal tariff policies and a volatile stock market.

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