PRI senior fellow in business and economics Dr. Wayne Winegarden joins us with his initial analysis of Gov. Newsom's May Revise budget proposal. Wayne shares his thoughts on Gov. Newsom's plan to close the state's $12 billion budget deficit, including controversial plans to expand Medi-Cal eligibility to the undocumented and how tariffs and the "one big, beautiful bill" being crafted in Congress will affect the state budget going forward.