Pages
Gov. Jerry Brown: We're going to cut and hopefully tax
Jeremy Hobson May 24, 2012
California Gov. Jerry Brown talks about his plan to balance the state's budget. Currently, California is facing a deficit of close to $16 billion.
California Gov. Brown talks taxes, cuts and economic fairness
Kai Ryssdal May 24, 2012
Like other states across the U.S., California's grappling with a giant budget hole. Gov. Jerry Brown talks about the role of government and the tension between taxing the rich and cutting programs for the poor.
Stockton on the brink
Marianne Russ May 18, 2012
The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.
California budget to benefit from Facebook IPO
Ben Adler May 16, 2012
California Gov. Jerry Brown recently informed Californians that the state was $16 billion in the hole, instead of the mere $9 billion everyone expected. The Facebook IPO will generate a lot of taxable income for a few thousand Californians.
California's budget deficit has risen to $16 billion
David Brancaccio May 14, 2012
That's grown from $9.2 billion. The $16 billion is in projected spending, and that would be more than the money that could come in. Gov. Jerry Brown is expected to talk about the details later today.
Herculean effort to fix a city's budget
Marianne Russ May 8, 2012
Hercules, Calif. was on the brink of bankruptcy. So the town made major sacrifices to stay solvent.
Hollywood chips in to save California state parks
Adriene Hill May 7, 2012
This past weekend, Hollywood hosted a fundraiser for the California state parks. It’s not just left-leaning Hollywood altruism. Many directors and studios film for cheap in the parks.
Betsey Johnson files for bankruptcy
Nancy Marshall-Genzer Apr 27, 2012
The fashion designer Betsey Johnson has filed for bankruptcy protection. Dozens of the fashion designers' stores will close, and hundred of employees will be laid off.
Mad cow disease found in California
Nancy Marshall-Genzer Apr 25, 2012
For the first time in six years, a cow in the U.S. has tested for so-called mad cow disease. While officials say the dairy cow identified in California at no time entered the food supply, the price of cattle futures has moved sharply downward.
General Electric, McDonald's report earnings
Jeremy Hobson Apr 23, 2012
McDonald's said today its profits were up 7 percent last quarter, thanks to a 9 percent rise in U.S. restaurant sales and a 5 percent boost in Europe. Also General Electric reported an 11 percent drop in profit during the first three months of the year.
