Recession

There are warning signs for the California economy: Unemployment is inching up, tech layoffs continue and IPOs are waning. Experts expect a downturn, but it's still possible the state will avoid a recession.

The state’s unemployment insurance debt, which ballooned as a result of the pandemic, is in dire straits with no clear path forward.

$25 billion. That’s the estimated deficit Gov. Gavin Newsom and state lawmakers will confront when crafting a budget for the upcoming fiscal year, the Legislature’s nonpartisan fiscal advisor announced Wednesday. The projection marks a stunning reversal from back-to-back years of unprecedented prosperity: The budget for California’s current fiscal year clocked in at a whopping $308 […]

Experts say the “great reshuffling” of jobs during the pandemic is changing California’s economy and workforce. Here are some takeaways.

Does the governor's tax rebate plan follow California's constitution? His finance director says yes, but an anti-tax activist isn't so sure.

California Gov. Gavin Newsom's $100 billion "California Comeback Plan" might help him beat a recall effort.

California's once-surging economy has been clobbered by the COVID-19 pandemic and its recovery could be slow.

With these smart policy choices California can chart an equitable recovery by targeting those most in need and investing in long-term opportunity.

Looking past COVID-19 and recession, California still faces the threat of prolonged drought.

Gov. Gavin Newsom wants fast legislative action on emergency aid to low-income families and small business. Is it genuine concern or fear of a burgeoning recall campaign?