California lawmakers to hold oversight hearing on Gov. Newsom's spending amid coronavirus crisis

California lawmakers will hold their first oversight hearing to examine how Gov. Gavin Newsom has spent more than $2 billion in taxpayer money in just one month to combat the coronavirus crisis.

Unemployment claims jumped by 5.25M last week as coronavirus job carnage continues

The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck caused 5.2 million more people to seek unemployment benefits last week.

Didn't get your stimulus check? IRS launches tracking tool

The IRS has launched a tracking tool to allow taxpayers a way to see when their stimulus money will arrive and confirm how they want to be paid.

Millions of Americans to receive stimulus checks Wednesday

Most Americans can expect to see a payment of $1,200 and up -- but experts say we're more likely to fall victim to scammers trying to steal our money.

Commerce locks up and retail sales plunge unprecedented 8.7%

U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home.

Applicants frustrated with Angeleno pre-paid debit cards

Anika Reitman is a 29-year-old Angeleno looking for help. Normally she would not be in this kind of position, but of course, these are not normal times.

Trump reverses course on power to 'reopen' states amid virus

Democratic and Republican governors sounded alarm about a federal power grab a day after Trump asserted he had the ultimate say on when and how to reopen the economy.

UCLA report: Many in Latino neighborhoods ineligible for CARES Act funds

Many people living in Los Angeles County neighborhoods with a majority of Latino residents may not receive federal relief funds to ease the effects of the coronavirus pandemic, according to a UCLA report released Tuesday.

LA residents can apply for coronavirus prepaid debit cards starting Tuesday

Low-income Los Angeles residents and those whose earnings have fallen during the coronavirus pandemic will be able to apply for prepaid debit cards beginning Tuesday.

Website for Angelenos to seek prepaid debit cards crashes after going live Tuesday

The website for low-income Angelenos struggling amid the coronavirus pandemic to apply for prepaid debit cards has been crashing since it was put online Tuesday morning, and staff members from Mayor Eric Garcetti's office said they are trying to fix it.

IMF: Global economy will suffer worst year since Great Depression

The IMF said Tuesday that it expects the global economy to shrink 3% this year — far worse than its 0.1% dip in the Great Recession year of 2009.

California to ease restrictions on stay-at-home guidelines

California Governor Gavin Newsom was expected to release details of easing stay-at-home guidelines Tuesday.

Property tax deadline: Local tax officials to accept applications for penalty waivers

The penalty for not paying property taxes by the April 10 deadline could be waived for those experiencing financial hardship as the result of the coronavirus outbreak, local officials said.