Twenty-four months ago, California Gov. Gavin Newsom proudly stood before the cameras boasting of his state's financial status. "No other state in American history has ever experienced a surplus as large as this," he said. Newsom's surplus totaled $97.5 billion. One year later, the governor presented a 2023-2024 budget that projected a whiplash deficit of…
Prediction markets show traders clustering around a $2–3 billion range, with odds for $4 billion and $6 billion outcomes falling steadily after October's crash....