Recession

(Photo Credit: Yoshikazu Tsuno/Getty Images)

Some Fear Auto Industry Returning To Bad Habits

As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.

09/03/2014

(Credit: Thinkstock)

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

(credit: Getty Images)

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

(credit: Kevork Djansezian/Getty Images)

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

(credit: ROBYN BECK/AFP/Getty Images)

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

(credit: CBS)

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

(credit: CBS)

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

(credit: CBS)

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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