Gavin Newsom about how to close California’s projected multibillion-dollar deficit, the Legislature passed a placeholder state budget Thursday, just ahead of a mandatory deadline. With only a few weeks left until the start of the new fiscal year on July 1,

The California Legislature on Thursday rejected many of Gov. Gavin Newsom's most difficult budget cuts, choosing instead to speed-up a temporary tax increase on some businesses to help pay off an estimated $45 billion deficit while preserving spending on many social safety net programs.

Gov. Gavin Newsom and Democratic lawmakers work to settle their differences over a few key budget cuts to reduce California's massive deficit.