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Recession

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May Car Sales Return To Pre-Recession Levels

Good weather and a strong Memorial Day weekend helped car buyers ignore reports of recalls, pushing car and truck sales up more than ten percent in May.

06/04/2014

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SoCal Families Losing Unemployment Checks Desperate To Make Ends Meet

The end of unemployment checks for more than a million people on Saturday is driving out-of-work Americans to consider selling cars, moving and taking minimum wage work after already slashing household budgets and pawning personal possessions to make ends meet.

12/28/2013

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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 […]

06/14/2013

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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.

06/07/2013

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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.

01/10/2013

President Obama and House Speaker John Boehner. (credit: Pool/Getty Images News)

‘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.

CBS2 / KCAL9–01/02/2013

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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.”

12/24/2012

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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.

10/10/2012

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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.

09/20/2012

(courtesy WelcomeToSantaClarita.com)

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.

09/17/2012

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

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.

09/11/2012

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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.

CBS2 / KCAL9–09/03/2012

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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.

07/31/2012

KNX On Your Corner

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.

07/13/2012

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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.

07/11/2012

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