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Mutual Fund and ETF data provided by <a href="https://lipperalpha.refinitiv.com/" data-omtr-intcmp="topnav_more_refinitive_info">Refinitiv Lipper</a>. <br>‘The Five’ panelists discuss the wildfires that continue to decimate Los Angeles County for a fourth day.<br>A review of last year's California state budget shows California <a href="https://www.foxnews.com/category/person/gavin-newsom" target="_blank" rel="noopener">Gov. Gavin Newsom</a> cut funding for wildfire and forest resilience by more than $100 million.<br><a href="https://www.foxnews.com/us/la-fire-chief-says-city-failed-residents-wildfire-prep-budget-cuts-screaming-properly-funded" target="_blank" rel="noopener">The budget</a>, signed in June and covering the 2024-25 fiscal year, eliminated $101 million from seven "wildfire and forest resilience" programs, according to a report from Newsweek.<br>The California fires, responsible for destroying more than 10,000 buildings in the <a href="https://www.foxnews.com/category/us/los-angeles" target="_blank" rel="noopener"><u>Los Angeles</u></a> area, are still not contained.<br><a href="https://www.foxnews.com/live-news/southern-california-wildfires-los-angeles-county-destroy-homes-prompt-evacuations" target="_blank" rel="noopener"><strong><u>CALIFORNIA WILDFIRES DEVASTATE LOS ANGELES COUNTY, KILLING 5 AND THREATENING THOUSANDS OF HOMES</u></strong></a><br><span>Fire crews battle the Kenneth Fire in the West Hills section of Los Angeles Thursday, Jan. 9, 2025. </span> <span>(Ethan Swope/AP)</span><br>Cal Fire had a $5 million reduction in spending on fuel reduction teams, including funds used to pay for vegetation management work by the California <a href="https://www.foxnews.com/category/us/military/national-guard" target="_blank" rel="noopener">National Guard</a>, the report noted.<br><a href="https://www.foxnews.com/us/la-fire-sounded-alarm-budget-cuts-impacting-wildfire-response-memo" target="_blank" rel="noopener"><strong><u>LA FIRE SOUNDED ALARM ON BUDGET CUTS IMPACTING WILDFIRE RESPONSE: MEMO</u></strong></a><br>Other changes:<br><span>California Gov. Gavin Newsom, right, surveys damage in Pacific Palisades with Cal Fire's Nick Schuler Wednesday, Jan. 8, 2025, in Pacific Palisades, Calif.</span> <span>(Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images)</span><br>Newsom's director of communications, Izzy Gardon, called the budget cuts a "ridiculous lie," in a statement to Fox News Digital Friday night.<br><a href="https://www.foxnews.com/us/essential-phone-numbers-los-angeles-area-residents-how-you-can-help-them" target="_blank" rel="noopener"><strong>ESSENTIAL PHONE NUMBERS FOR LOS ANGELES-AREA RESIDENTS AND HOW YOU CAN HELP</strong></a><br>"The governor has doubled the size of our firefighting army, built the world’s largest aerial firefighting fleet and the state has increased the forest management ten-fold since he took office," she wrote. "Facts matter."<br><span>The devastation of the Palisades Fire in the Pacific Palisades neighborhood of Los Angeles Friday, Jan. 10, 2025. </span> <span>(AP Photo/John Locher)</span><br>His office attached statistics that refer to the overall increase in spending and personnel over a number of years since he took office in 2019, as opposed to commenting on the most recent cuts.<br><a href="https://foxnews.onelink.me/xLDS?pid=AppArticleLink&af_dp=foxnewsaf%3A%2F%2F&af_web_dp=https%3A%2F%2Fwww.foxnews.com%2Fapps-products" target="_blank" rel="noopener"><strong><u>CLICK HERE TO GET THE FOX NEWS APP</u></strong></a><br>Cal Fire did not immediately respond to a request for comment as of 8 p.m. Friday.<br>Alexandra Koch is a breaking news writer for Fox News Digital. Prior to joining Fox News, Alexandra covered breaking news, crime, religion, and <a href="https://www.foxnews.com/category/us/military" target="_blank" rel="noopener noreferrer">the military</a> in the southeast.<br>Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content.<br>By entering your email and clicking the Subscribe button, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.<br>Subscribed<br> You've successfully subscribed to this newsletter! <br> This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. 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