But in May 2025, citing budget restraints, Newsom slashed the state’s first-year commitment to just $10 million for fiscal year 2025-26, with no future state funding guaranteed.
—
Yue Stella Yu,
Los Angeles Times,
19 Jan. 2026
However, vendors began to claim in January 2024 that they were left waiting for payments for months at a time, according to the Sourcing Journal, which a former retail executive then explained was typical of a retailer facing liquidity restraints.
Examples are automatically compiled from online sources to
show current usage.Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.