In the wake of devastating wildfires that have ravaged the state, California is allocating over $2.5 billion for response and preparedness, Gov. Gavin Newsom’s office announced Thursday. The substantial outlay

President Donald Trump is asserting more federal government control over water management decisions in California and ordering US officials to override local authorities, casting the steps as necessary to boost the state’s firefighting capabilities.

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.

Shortages in labor and materials will add to strain in rebuilding communities affected by wildfires in Los Angeles.

Housing construction permits were already trending downward. Now the wildfires have taken away at least 10,000 occupied homes.

Neither the state nor local government seems to have learned much from the perils of pricing the less privileged out of Los Angeles's safe zone.

The rain that is expected to hit the scorched Los Angeles landscape this weekend may bring relief to the fire fights, but it could also bring flash floods and mudslides. Although forecasts show that the risk is relatively low, local officials are taking the warnings seriously.

The number of Americans filing for unemployment benefits rose slightly last week, yet labor market conditions remain stable. The Federal Reserve is expected to maintain interest rates due to minimal stress in job markets.

(Reuters) - The U.S. Senate on Monday confirmed Scott Bessent to be President Donald Trump's Treasury secretary, giving the billionaire hedge fund manager a central role in shaping the new administration's policy ambitions around tax cuts and spending and managing economic relationships with allies and adversaries alike.

Trump has threatened to withhold federal aid to California unless it makes policy changes. How will the state's House GOP delegation respond?

A Boca Raton-based developer that is active in a number of South Florida affordable housing projects is rolling out a private credit platform for multifamily loans across the Sun Belt region.