California Today

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Economic Policy

Recent news

Businesses Oppose Federal Plan to Expand Offshore Drilling Along California Coast

Orange County leaders warn new drilling threatens local economy and environment

California's Housing Crisis Spirals Out of Control

Experts say insane property prices, strict building regulations, and low mortgage rates are driving the state's housing woes

California, Illinois Embrace Nuclear Power to Meet Energy Demands

State-level momentum reinforces the long-term investment case for the nuclear supply chain and NUKZ ETF.

Trump Imposes New 15% Global Tariff, Treasury Secretary Says

Bessent expects tariff rates to return to previous levels within 5 months

Researchers Challenge Housing Shortage as Cause of Affordability Crisis

New analysis suggests rising incomes, not lack of supply, may be driving up home prices

Paso Nuevo Shops Struggle as Retail Landscape Shifts

Columnist examines how tax codes impact empty storefronts in Santa Barbara

California Weighs Mandate for Insurers to Cover Wildfire-Ready Homes

Proposal aims to ensure insurance availability for homeowners who take steps to reduce fire risk.

Kings County to Stop Providing Pennies for Cash Transactions

Other California counties consider rounding or pushing electronic payments as U.S. Mint halts penny production

US Republicans Seek Tariffs on Australian Lamb Imports

Proposed 30% tariff aims to protect domestic sheep producers

Oil Prices Could Soar Past $100 if US Strikes Iran

Strategist lays out potential scenarios for oil prices in event of US military action against Iran

Long Beach Faces $40M Budget Deficit, Larger Shortfall Looms

City grapples with declining tax revenues and loss of federal and state funding

Australian Trade Minister: No New US Tariffs on Exports

Assures exporters will not face increased tariffs despite Supreme Court ruling on Trump-era trade measures.

California Officials Urged to Reverse Course on Taxes, Spending, and Regulations

Editorial board calls for reducing the state's high cost of living by cutting taxes, scaling back regulations, and ending energy policy that drives up costs.

Fed's Daly Says Policy in 'Good Place' as Labor, Inflation Improve

San Francisco Fed president sees opportunity to assess economic impacts ahead

California Home Sales Canceled Due to Unaffordable Insurance

One in five California home sales canceled last year as homeowners struggle with skyrocketing insurance costs

Report Exposes 'Rent Now, Pay Later' Loans Trapping Struggling Americans

Predatory lenders target renters with hidden fees and deceptive practices, pushing people further into debt

California Lawmakers Propose Temporary Gas Tax Pause as Prices Soar

The move aims to provide relief to drivers facing $4.47/gallon prices, but could impact road repair funding.

Canada Aims to Boost LNG Output, But at What Cost?

British Columbia's climate plan could shrink the provincial economy by $28 billion, raising concerns about the trade-offs of ambitious emissions targets.

Contra Costa Taxpayers Association Calls for Merging Bus Agencies to Cut Costs

Proposal comes as transit agencies seek new sales tax increase to fund operations

Upgrading Existing Power Lines Could Rapidly Expand Grid Capacity

Advanced conductor technology offers faster, cheaper way to increase transmission capacity than building new lines