Washington, DC…The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken […]
Bethesda, MD…Hospitalized patients with advanced COVID-19 and lung involvement who received remdesivir recovered faster than similar patients who received placebo, according to a preliminary data analysis from a randomized, controlled trial involving 1063 patients, which began on February 21. The trial (known as the Adaptive COVID-19 Treatment Trial, or ACTT), sponsored by the National Institute […]
Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent. The GDP estimate released today is based on source data […]
Sacramento, CA…Governor Newsom announced in his press conference today four stages to reopen the economy. While he did not include any specific dates, he mentioned that he believes “we are only weeks” away from moving to Stage 2. He said he believes we are “months” away from Stages 3 and 4. Below is a quick […]
Sacramento, CA…Colorado Governor Jared Polis and Nevada Governor Steve Sisolak today announced their respective states are joining California, Oregon and Washington in the Western States Pact – a working group of Western state governors with a shared vision for modifying stay at home orders and fighting COVID-19. “I want to thank Colorado and Nevada for […]
Washington, DC…For years, Iran has claimed its space program is purely peaceful and civilian. The Trump Administration has never believed this fiction. This week’s launch of a military satellite by Iran’s Islamic Revolutionary Guard Corps, a designated Foreign Terrorist Organization, makes clear what we have said all along: Iran’s space program is neither peaceful nor […]
Washington, DC… Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP). “We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional […]
Sacramento, CA…The California Department of Motor Vehicles today announced it is waiving late fees and penalties for vehicle registration, extending expiring identification cards, temporary operating permits and motor carrier permits. With authority granted under today’s executive order signed by Governor Gavin Newsom, the DMV is: • Waiving late fees and penalties for vehicle registration renewals due between […]
Sacramento, CA…Governor Gavin Newsom today announced that most private student loan servicers have agreed to provide payment and other relief to borrowers, including more than 1.1 million Californians with privately held student loans. He also signed an executive order to stop debt collectors from garnishing COVID-19-related financial assistance. “Californians are reeling from the financial impact […]
Salinas, CA…Monterey County is creating an Emergency Microloan Fund within its Small Business Revolving Loan Program with Cal Coastal to assist local small businesses impacted by COVID-19. “There is a strong need for quickly accessible, small-sized loans to newer, smaller businesses affected by closures due COVID-19,” explains Lee Takikawa, President of California Coastal Rural Development […]
