Federal Reserve Raises Interest Rates Another 50 Basis Points

Federal Reserve Raises Interest Rates Another 50 Basis Points

Washington, DC…Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion […]

Governor Newsom Statement on Draft U.S. Supreme Court Opinion

Governor Newsom Statement on Draft U.S. Supreme Court Opinion

Sacramento, CA…Governor Gavin Newsom issued the below statement today regarding a draft U.S. Supreme Court opinion that would overturn Roe v. Wade: “This draft opinion is an appalling attack on the rights of women across this country and if it stands, it will destroy lives and put countless women in danger. It will be the […]

Biden Administration Announces $3.16 Billion from Bipartisan Infrastructure Law to Boost Domestic Battery Manufacturing and Supply Chains

Biden Administration Announces $3.16 Billion from Bipartisan Infrastructure Law to Boost Domestic Battery Manufacturing and Supply Chains

Washington, DC…The U.S. Department of Energy (DOE) today announced $3.1 billion in funding from President Biden’s Bipartisan Infrastructure Law to make more batteries and components in America, bolster domestic supply chains, create good-paying jobs, and help lower costs for families. The infrastructure investments will support the creation of new, retrofitted, and expanded commercial facilities as […]

California Expands Medi-Cal to All Eligible Adults 50 Years of Age and Older

California Expands Medi-Cal to All Eligible Adults 50 Years of Age and Older

Sacramento, CA…This expansion, effective May 1, builds upon the state’s Healthy California for All strategy, and comes as the Governor proposes expanding Medi-Cal to every eligible state resident, regardless of age or immigration status.  Starting on May 1, Medi-Cal, California’s health coverage program for low-income individuals and families, is extending eligibility for full coverage to […]

Governor Newsom Convenes Growing Coalition in Support of CARE Court

Governor Newsom Convenes Growing Coalition in Support of CARE Court

Sacramento, CA…On April 25th the Governor Gavin Newsom convened the coalition in support of CARE Court, which will provide individuals with severe mental health and substance use disorders the care and services they need to get healthy. SB 1338, CARE Court legislation authored by Senator Thomas Umberg (D-Santa Ana) and Senator Susan Talamantes Eggman (D-Stockton), […]

US Economy Shrinks by 1.4% in Gross Domestic Product, First Quarter 2022 Estimate

US Economy Shrinks by 1.4% in Gross Domestic Product, First Quarter 2022 Estimate

Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.9 percent.  The GDP estimate released today is based on source data that are […]

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