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(Bloomberg) -- California Governor Gavin Newsom and state legislators reached a budget deal, agreeing on a $311 billion spending plan that covers a $32 billion shortfall without dipping into the state’s rainy-day reserves.Most Read from BloombergStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’Wagner Chief Lands in Belarus as Putin Says ‘Civil War’ AvertedPutin Blasts Wagner ‘Traitors’ as Prigozhin Defends RevoltPickleball Injuries May Cost Americans Nearly $400 Million This Year,

(Bloomberg) -- California Governor Gavin Newsom and state legislators reached a budget deal, agreeing on a $311 billion spending plan that covers a $32 billion shortfall without dipping into the state’s rainy-day reserves.Most Read from BloombergPutin Claims He’s Back in Control. Russia’s Elite Isn’t SureUBS Preparing to Cut Over Half of Credit Suisse WorkforceBiden Can Cancel Student Debt Even If Supreme Court Blocks Order, Advocates SayTrump Sues Carroll for Defamation Over Post-Trial Rape Cla