Two former federal agents were accused of stealing bitcoins while investigating digital black market Silk Road.» Read More
Gov. Arnold Schwarzenegger, California's state controller and treasurer, decided Monday to delay $2.9 billion a month in payments to school districts and counties sooner than expected so the state can meet debt and pension obligations.
A bill in California could pass this week banning wasteful single-use plastic bags if state legislators can be convinced that consumers can bring his/her own sack for carting off a loaf of bread.
State unemployment rates have shown only minimal improvements, with 18 states and the District of Columbia reporting decreases in July, 14 showing increases and 18 with no change at all.
An off-road truck plowed into a crowd and scattered "bodies everywhere" moments after sailing off a jump at a California race Saturday, killing eight people and leaving 12 injured, authorities and witnesses said.
Unless city officials make drastic changes, Los Angeles will be bankrupt by 2014, former LA Mayor Richard Riordan told CNBC.
"With municipal bonds you have to take your tax rate into consideration, the lower your tax rate the less attractive muni's are," Ben Thompson, founding principal of Samson Capital Advisors told CNBC.
A web site called Cannabuddies allows people to "adopt" virtual (not real) pot leaves. Leaves named "Chocolope" and "Train Wreck" will grow for you, produce buds, and even "speak", hoping to inform listeners about the benefits of pot.
Corporate bonds are registered securities—municipal bonds are not. That key distinction is meaningful as details of the new law are unraveled and especially meaningful in light of the controversy surrounding bond sales and the ratings agencies.
How black voters in California decide on Proposition 19, which would allow anyone 21 and over to possess up to an ounce of marijuana, could be critical to its success or failure.
A judge on Friday declined to force the state controller to comply with an order by Gov. Arnold Schwarzenegger to pay state workers minimum wage while the state remains without a budget.
Joe Lacob, managing partner at private equity firm Kleiner Perkins, and Peter Guber, chairman of Mandalay Entertainment, have won the bid for the NBA's Golden State Warriors, a source close to the sale has told CNBC.
The tech and innovation category carry weight in the rankings. Here's what it takes to be #1.
With the launch of CNBC's fourth annual edition of "America's Top States For Business," we decided to take a look at the cost of a variety of items in the nation's ten most expensive states.
A state appellate court sided Friday with the Schwarzenegger administration in its attempt to impose the federal minimum wage on tens of thousands of state workers.
Is it unpatriotic to have a Fourth of July celebration without fireworks? Or is it fiscally responsible? That difficult choice is facing cities across America, as tight budgets have city managers weighing the mood-boosting value of throwing a traditional civic party against the realities of today's deficits.
California has about 225,000 organized state employees—still—and many have been forced to take three-day-a-month furloughs without pay. A few thousand of them converged on the Capitol Wednesday to protest threats by the Governor to impose the $7.25 minimum wage on them starting Thursday. There's no budget, and no solution to the $19.1 billion deficit.
I feel like a broken record. As the fiscal year ends, California is facing a crisis, with no budget…and a $19.1 billion…deficit…(yawn)…and no solution…zzzzzzz….. I’ve been reporting essentially the same thing for over two years, and while services have been cut and people are suffering, California, for the most part, is still functioning.
Two years ago, the Bay Area city of 120,000 went into a special kind of bankruptcy reserved for local governments called Chapter 9. It allowed the city of break contracts and suspend debt payments.
The Long Beach and Los Angeles ports released preliminary figures for May today.
The national foreclosure rate continued to fall in May, according to a new report released Thursday.