Nov. 21, 2014
Falling energy prices held overall inflation in check last month, offering relief to consumers squeezed by tepid wage gains and rising costs for food and housing.
Nov. 21, 2014
California's unemployment rate for October was 7.3 percent, which remain unchanged from the previous month even as the state increased payroll jobs.
Nov. 20, 2014
A steadily improving economy will buffer California's budget from a drop in revenue expected when temporary tax hikes begin to expire in the coming years, the state's nonpartisan Legislative Analyst's Office said Wednesday. . . The expiring tax increases "will not necessarily cause a sudden revenue drop off - a `fiscal cliff' - for the annual state budget process," Taylor said.
Nov. 18, 2014
Like British Prime Minister David Cameron, Larry Summers sees warning lights flashing on the world's economic dashboard. Summers, who served through 2010 as President Obama's top economic adviser and was Treasury Secretary under Bill Clinton, said America should be acting now to shore up its economy, instead of celebrating its status as the healthiest patient in the global economic sick ward.
Nov. 16, 2014
Tax revenue to California’s general fund is running more than $1 billion above estimates since the July 1 start of the fiscal year, the state said Monday, as Gov. Jerry Brown prepares for another round of budget talks next year.