Business

California’s Newsom announces $76 billion budget surplus, rebate checks for Californians earning up to $75,000

California Gov. Gavin Newsom (D) announced Monday that California surprisingly amassed a $75.7 billion budget surplus last year, and he will propose using some of that windfall for direct payments to state residents earning up to $75,000 a year. Last year, California officials warned about facing a budget deficit of up to $50 billion, but […]

Business

Doomsday for bad bosses

Numerous stories have been written recently about how low-wage service businesses are struggling to hire workers, with bosses often placing blame on enhanced unemployment benefits. The disappointing April jobs report released last week inspired many commentators to echo this analysis: The post-pandemic recovery is slowing down because government benefits are too generous. The business class […]

Business

GOP governors are starting to cut jobless benefits to push people back to work

The Republican governors of Arkansas, Montana, and South Carolina have announced plans to cut expanded federal jobless benefits, arguing that the extra $300 a week is keeping people from returning to the workforce. “More states are expected to follow,” Rep. Kevin Brady (R-Texas) said Friday, after the Labor Department reported a smaller-than-expected 266,000 jobs added […]