California will need to borrow $3.44 billion to close a budget gap in the state’s Medicaid program, Newsom administration officials told lawmakers Wednesday in a letter obtained by POLITICO. The budget pressure will bring fresh scrutiny to the state’s coverage of undocumented immigrants,

It was a surprise ceremony at the White House presided over by President Donald Trump to unveil a $100 billion investment from what he called the world’s most powerful company, Taiwan Semiconductor Manufacturing Company (TSMC).

The Newsom administration announced the state does not have enough money to fund its Medicaid program for millions of low-income Californians. As a result, California will need to borrow more than 3 billion dollars to cover expenses.