The Briefing
- Former California Gov. Arnold Schwarzenegger and Gov. Gavin Newsom appeared together at the 2026 California Economic Summit in Long Beach on Wednesday to mark two decades of AB 32, the Global Warming Solutions Act Schwarzenegger signed in September 2006.
- Newsom cited approximately $16 billion in cap-and-invest auction revenues directed toward consumer energy-cost relief since the program launched, with another $8 billion projected over the next four years; critics counter that Californians pay some of the highest utility rates in the country as a direct result of the state's regulatory model.
- Proposition 50, Newsom's congressional redistricting measure, passed in November 2025 with roughly 65 percent of the vote — a defeat for Schwarzenegger, who led the "No" campaign; the new Democratic-drawn maps are already reshaping the 2026 midterm elections.
