California doom: Staggering $54 billion budget deficit looms

SACRAMENTO, Calif. (AP) — California will have a budget shortfall of $54.3 billion because of the economic devastation wrought by the coronavirus, Gov. Gavin Newsom’s administration announced Thursday, a stunning reversal for a state that had a $21 billion surplus a year ago. The state has been under a mandatory stay-at-home order since mid-March, forcing […]