51�Թ�

He immediately faced a massive budget deficit, which he closed through a package of tax hikes and spending cuts facilitated by his negotiating partner, Democratic Assembly Speaker Willie Brown.

Arnold Schwarzenegger asserted that the imbalance was the cause of the state’s budget deficit.

But it is unclear how much money, if any, the state — which is facing a $12-billion budget deficit in the year ahead — will contribute.

For all the hand-wringing at City Hall, it’s not as if the current budget deficit should have come as a surprise.

Musk resurfaces old Trump posts on X, highlighting moments when the president criticised America's budget deficits.