SamTrans leadership approved increases to its capital budgets for fiscal years 2026 and 2027, adding almost $47 million to fund infrastructure…
With San Mateo County services at risk due to impacted revenue streams, its Board of Supervisors are considering whether to ask for voter supp…
Utility executives’ salaries could become tied to their companies keeping electricity rates from rising faster than inflation if new legislati…
Nine months into the 2025-26 fiscal year, state tax revenue is running several billion dollars ahead of projections in the budget that Gov. Ga…
Burlingame’s operating budget for the 2025-26 fiscal year remains balanced, staff told councilmembers during a midyear budget study session, a…
A new KFF survey shows many Americans who had Affordable Care Act marketplace health insurance last year are struggling with high health costs. The findings come three months after the expiration of enhanced tax credits that had offset most enrollees' monthly premiums. Thursday's poll of more than 1,000 of last year's ACA enrollees finds that more than half of those who re-enrolled are looking for ways to cut their spending. This includes cutting back on food and other household basics to afford health costs. One enrollee, 48-year-old Priscilla Brown in Florida, says she sometimes doesn't take her medicine for her Type 2 diabetes so that it will last longer. The poll also finds that 1 in 10 of last year's ACA enrollees dropped health insurance entirely.
In a rare bipartisan effort for a deeply divided Congress, the Senate has passed a broad bill to make U.S. housing more accessible and affordable. The bill passed on Thursday would reduce regulations, regulate corporate investors and expand how housing dollars can be used to build affordable homes and rentals. It now heads back to the House, which passed a separate version earlier this year. It is unclear whether President Donald Trump would sign it after declaring last weekend that he won't sign any new measures unless Congress passes legislation that would require voters to show proof of citizenship.
California Gov. Gavin Newsom says there's no imminent threat to the state from Iran. ABC News says the FBI warned California that Iran had aspired to send drones to the West Coast in retaliation for war. The FBI later released text of the alert, which noted that the information was based on "unverified information." The White House now says, "No such threat from Iran to our homeland exists." Newsom says California and various agencies plan for worst-case scenarios. Police in Los Angeles and San Francisco say they are monitoring world events for any risks.
Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide. The S&P 500 fell 1.5% Thursday and returned to big swings following a couple days of relative calm. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite sank 1.8%. The center of action was again the oil market, where the price of a barrel of Brent crude got as high as $101.59. Treasury yields climbed in the bond market on worries about higher inflation and fewer cuts to interest rates by the Federal Reserve.
