National Income and Product Accounts Gross Domestic Product, Fourth Quarter and Annual 2013 Revised Downward

National Income and Product Accounts Gross Domestic Product, Fourth Quarter and Annual 2013 Revised Downward

Washington, DC…Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.4 percent in the fourth quarter of 2013 (that is, from the third quarter to the fourth quarter), according to the “second” estimate released by the […]

President Warns Russia On Ukraine

President Warns Russia On Ukraine

Washington, DC…THE PRESIDENT: Good afternoon, everybody. Over the last several days, the United States has been responding to events as they unfold in Ukraine. Throughout this crisis, we have been very clear about one fundamental principle: The Ukrainian people deserve the opportunity to determine their own future. Together with our European allies, we have urged […]

Hagel Outlines Budget Reducing Troop Strength, Force Structure

Washington, DC…Defense Secretary Chuck Hagel has proposed cuts in military spending that include further reductions in troop strength and force structure in every military service in the coming year as part of an effort to prioritize U.S. strategic interests in the face of reduced resources after more than a decade of war. Defense Secretary Chuck […]

Former Owner of Long Beach Hospital Charged in Health Care Fraud Scheme That Paid Tens of Millions of Dollars in Kickbacks for Referrals for Spinal Surgeries Billed to Workers’ Comp Programs

Former Owner of Long Beach Hospital Charged in Health Care Fraud Scheme That Paid Tens of Millions of Dollars in Kickbacks for Referrals for Spinal Surgeries Billed to Workers’ Comp Programs

Santa Ana, CA…The former owner of Pacific Hospital in Long Beach was charged today in a long-running health care fraud scheme that involved tens of millions of dollars in illegal kickbacks in exchange for referrals of thousands of patients who received spinal surgeries. The referrals to the hospital led to more than $500 million in […]

New CalPERS Costs To Be Borne By Local Governments

New CalPERS Costs To Be Borne By Local Governments

Sacramento, CA…Earlier this week, the Board of Directors of the California Public Employees Retirement System (CalPERS) adopted new actuarial assumptions. These assumptions stem from recent staff reviews of the overall system and needs associated with providing benefits to its members. The adoption of these new assumptions will result in employer (local government members and the […]

Water Crisis Results From Years Of Inaction Says Farm Bureau

Water Crisis Results From Years Of Inaction Says Farm Bureau

Sacramento, CA….Today’s announcement by the federal Central Valley Project that it will deliver no water to most of its farm customers highlights the lack of investment California has made in new water supplies, according to the president of the California Farm Bureau Federation. CFBF President Paul Wenger said the state has failed to insulate itself […]

Reclamation Announces Initial 2014 Central Valley Project Water Supply Allocation

Reclamation Announces Initial 2014 Central Valley Project Water Supply Allocation

Sacramento, CA…The Bureau of Reclamation today announced the initial 2014 water supply allocation for Central Valley Project agricultural contractors, municipal and industrial contractors and federal refuges. The California Department of Water Resources reports that snowpack and precipitation in the Sierra Nevada are historically low and the snow-water content statewide stands at 29 percent of average […]

California State Senator Ronald Calderon Charged with Taking Bribes in Exchange for Official Acts on Behalf of Hospital Owner and Independent Film Studio That was Actually an FBI Front

California State Senator Ronald Calderon Charged with Taking Bribes in Exchange for Official Acts on Behalf of Hospital Owner and Independent Film Studio That was Actually an FBI Front

Los Angeles, CA….Ronald Calderon, a member of the California State Senate, has agreed to surrendered to federal authorities on Monday after being named in a federal grand jury indictment that accuses him of taking tens of thousands of dollars in bribes from a businessman and from people who were associated with a Hollywood film studio […]