California paid $83.1 billion more in federal taxes than it received from the federal government — more than any other state — in 2022. When the state’s population is considered, California paid $2,129 more per capita in federal taxes than it received — which is more than all but three other states.

Hours before a Trump administration directive was set to freeze an estimated trillions in federal assistance, California Attorney General Rob Bonta announced Tuesday that he is among a coalition filing a lawsuit to halt the freeze.

A former senior advisor for the Federal Reserve was arrested on charges that he conspired to steal Fed trade secrets for the benefit of China. The data that the advisor, John Rogers, shared with his co-conspirators could allow China to manipulate the U.

California has thousands of federal workers who are eligible to work remotely, yet in-person work is key to a "reformed federal workforce."

California is requiring that all new cars must be zero-emission vehicles by 2035. Before leaving office, President Joe Biden set a national goal to have half of the new cars and trucks sold nationwide by 2030 have zero emissions.

The Federal Reserve's monetary policy group is expected to hold rates steady, but the chairman will face a litany of questions about the year ahead and on the inflationary impact of implications of the Trump administration's early policy moves.

The personal consumption expenditures price index for December was expected to show a 2.6% increase on an annual basis

Federal Reserve Gov. Michelle Bowman is widely seen as the president's most likely choice for vice chair for supervision, a position soon to be vacated by Michael Barr. But while Bowman is the administration's most straightforward option,

GDP growth for Q4 2024 was 2.3%, below the 2.7% consensus estimate and our forecast range of 2.75% (+/-25 bps). Read more on the economic indicators here.

An appeals court has thrown out Utahn James Huntsman’s fraud lawsuit against The Church of Jesus Christ of Latter-day Saints over millions of dollars in tithing. In an unanimous ruling, the 9th U.S. Circuit Court of Appeals found “no reasonable juror” could have concluded that the Utah-based faith misrepresented the source of funds it used to spend $1.

The recent Los Angeles wildfires are only the latest reminder that banks need to steel themselves against climate change both in their portfolios and in their own businesses.