Washington, DC…Good morning, everyone. Before I leave for California, I want to briefly speak about what’s happening to Silicon Valley Bank and Signature Bank. Today, thanks to the quick action of my administration over the past few days, Americans can have confidence that the banking system is safe. Your deposits will be there when you […]
Washington, DC…Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately […]
Truckee, CA…Sierra Business Council administers the Sierra Nevada Energy Watch (SNEW), a program that provides local public agencies and businesses within Pacific Gas & Electric Company territory with free energy efficiency consulting services designed to cut energy costs. As energy supply costs increase, we encourage public agencies and small- and medium-sized businesses to utilize energy-efficient […]
Sacramento, CA…The California Department of Transportation (Caltrans) is recruiting volunteers who reside and travel in rural and tribal communities to participate in the latest testing phase of a “road charge” pilot. Up to 500 volunteers will participate in a seven-month simulated road charge system, which charges drivers based on the number of miles they travel […]
Washington, DC…Total nonfarm payroll employment rose by 517,000 in January, and the unemployment rate changed little at 3.4 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in government, partially reflecting the return of […]
Sacramento, CA…Governor Gavin Newsom issued the following statement today after the state announced that it will boost deliveries to 29 public water agencies serving 27 million Californians. “Thanks to the water captured and stored from recent storms, the state is increasing deliveries to local agencies that support two-thirds of Californians – good news for communities and farms in […]
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.5 percent before seasonal adjustment. The index for gasoline was by […]
Oakland, CA…Pacific Gas and Electric Company (PG&E) continues responding to the intense series of winter storms impacting Northern and Central California and has mobilized its largest storm response effort in company history. This effort has enabled the restoration of more than 1.6 million customers who lost power since the initial storm in the series began […]
Syracuse, NY…Former President Trump was not alone in having returns he filed while he was President allegedly escape detailed scrutiny by the Internal Revenue Service (IRS). While the 2022 Inflation Reduction Act provides the IRS with a large expansion of future funding to beef up audits of the rich, last year IRS revenue agents were only able […]
Sacramento, CA…The Department of Water Resources (DWR) today conducted the first snow survey of the season at Phillips Station. The manual survey recorded 55.5 inches of snow depth and a snow water equivalent of 17.5 inches, which is 177 percent of average for this location. The snow water equivalent measures the amount of water contained […]
