Recession
Calif. Legislature Passes $96.3B Democratic Budget
SACRAMENTO (AP) — California’s Legislature has passed the state’s massive spending plan amid sharp divisions over whether the Democratic budget will further the state’s recovery or eventually return it to the multibillion-dollar deficits common during […]
KNX On Your Corner: Fullerton Investigative Report
Investigative reporter Charles Feldman has been taking a look at how Fullerton is recovering from both the recession and the beating to death of a homeless man nearly two years ago.
Brown Says It’s The First Time In Years Lawmakers Won’t Need To Make Massive Cuts
Riding a wave of new tax revenue, California’s spending plan for the coming fiscal year will rise by nearly $5 billion, a powerful indication that the state that came to symbolize fiscal mismanagement during the heart of the recession is emerging into brighter days.
‘Fiscal Cliff’ Deal Brings Some Relief To Calif.
The deal in Washington to avoid the “fiscal cliff” will bring a reprieve to California’s slowly rebounding economy, but uncertainty remains in part because Congress delayed action on federal spending cuts.
Looming ‘Fiscal Cliff’ A Growing Concern Among Holiday Shoppers In SoCal
Even on Christmas Eve, the U.S. economy is moving closer and closer to the so-called “fiscal cliff.”
LA City Council Signals Shift Toward Sale Of Ontario Airport
City lawmakers Wednesday cleared the way for negotiations toward the possible ownership transfer of Ontario International Airport to local officials.
Report: China, EU Slowdown Threatens Gains In Housing, Tech Jobs
A marked slowdown in the economies in China and throughout the European Union could negate any traction in statewide job growth, according to a UCLA forecast.
S&P Upgrades Santa Clarita To AAA Credit Rating
At a time when multiple California cities are struggling with bankruptcy and budget cuts, the third-largest city in Los Angeles County is enjoying the benefits of managing its finances.
Opinion: Auto And Bank Bailouts Prove Effective
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Unemployment Remains A Concern On Labor Day
While Labor Day was established as a day of celebration for the American worker, the unemployed in Huntington Beach weren’t exactly reveling in the holiday.
Duarte Nears Fiscal Emergency, But Downplays Bankruptcy Fears
The move would allow the city to ask voters to approve a proposed increase of up to a half-percent sales tax that could raise as much as $1.9 million.
KNX On Your Corner: Santa Monica Blue Bus
As we continue to pull our way out of the recession, one of Santa Monica’s legends got its start during similar hard times.
Mayor: ‘Perfect Storm’ Led To San Bernardino Bankruptcy
The mayor of San Bernardino on Wednesday blamed the city’s bankruptcy filing on an economic “perfect storm” as officials warned of widespread budget cuts.
Hundreds Of Veterans Turn Out For ‘Hiring Our Heroes’ Job Fair
Hundreds of veterans who just finished their tours or have been out of the military for years turned out in droves for a job fair held at Dodger Stadium Thursday.
Pamper Yourself For Less
Keeping up a beauty regimen can get costly at the high-end spas. But CBS2’s Sibila Vargas found some affordable beauty deals through the Southland that allow for indulgence without breaking the bank.
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