Thursday, January 29, 2026

Latest

California Governor Calls on Congress to Issue Additional $1 Trillion for Local Governments

As if the Democrat’s $3 trillion coronavirus relief bill isn’t enough to make the Republican senate fall over, California Governor Gavin Newsom’s $1 trillion request will surely do it.

On Friday, California Governor Gavin Newsom, along with his specially appointed task force consisting of some of Hollywood’s top execs including Netflix Chief Content Officer Ted Sarandos, Disney’s Executive Chairman Bob Iger, and the wife of Mark Zuckerberg, Priscilla Chan, penned a letter to Congress, urging for a $1 trillion relief package to help with local government budget cuts across all US states In the letter, they presented California to be in deep peril if government aid is not delivered, suggesting that they will be forced to increase budget cuts for child care, small business support and job training.

Newscom also released a revised budget plan which will be slashing billions from essential services in order to address the extensive $54.3 billion deficit left behind by the coronavirus pandemic. As a result, the California governor is making a plea to Congress for help, so that essential government services across the US such as public education, healthcare, and safety are not compromised.

Due to California’s financial ruin stemming from the coronavirus pandemic, Newscom decided to appoint this special task force to aid in the state’s economic recovery. Because who else better understands the hardships that working class Americans are faced with than some of Hollywood’s highest paid “business leaders,” right?

It really makes one wonder, with a GDP per capita of $58,619 – which is the 8th highest GDP per capita across all US states by the way – why does the governor still need to ask Congress for a special $1 trillion aid package on behalf of all US states? Is he forgetting that California is home to some of the wealthiest celebs in the world – perhaps sending them an urging letter may be more effective. But then again, maybe not.

Information for this briefing was found via CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Moon River Moly: The Davidson Moly-Copper-Tungsten PEA

Integra: The DeLamar Heap Leach Feasibility Study

Highlander Silver: The Saviour Of Bear Creek Mining

Recommended

Total Metals Launches 5,500 Metre Drill Program At ElectroLode Property

Mercado Minerals Launches Two Phase Geophysical Program At Copalito Project

Related News

Market Movers: SQI Diagnostics Receives Funding from the UHN to Validate One Hour COVID-19 Related Test

This morning Toronto based SQI Diagnostics Inc. (TSX-V: SQD; OTCQX: SQIDF), announced they have been...

Tuesday, March 24, 2020, 11:18:30 AM

US Manufacturing Orders Drop by Record Amount Amid Coronavirus Pandemic

The coronavirus has caused significant disruptions across the US, shattering vital supply chains and reducing...

Tuesday, May 5, 2020, 06:03:00 PM

Rental Car Firms Cancel New Vehicle Orders, Struggle To Store Fleet

Rental car firms have begun cancelling new vehicle orders from manufacturers across the US as...

Saturday, May 9, 2020, 01:39:00 PM

Biden’s ‘Build Back Better’ Infrastructure Plan to Cost Upwards of $3 Trillion

With the latest $1.9 trillion stimulus bill still hot off the printing press, an increasing...

Monday, March 22, 2021, 04:28:10 PM

S&P 500 Soars To 4,000 Following Biden’s Infrastructure Spending Plan Unveiling

Technology shares were sent soaring to new highs as investors’ optimism lifted amid increasing confidence...

Friday, April 2, 2021, 04:40:00 PM