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The continued escalation of COVID-19 cases in California and the resulting economic volatility took precedence as Gavin Newsom unveiled his fiscal 2021 budget.

Transcripts of the Federal Reserve’s 2015 policy meetings show that then-Fed Chair Janet Yellen acknowledged that the Fed should sacrifice potential job gains in order to cut off the possibility of higher inflation.

President-elect Joe Biden's cabinet picks include the governor and Boston Mayor Marty Walsh, the latter for Labor Secretary.

The Federal Reserve has returned about $42 billion to the U.S. Treasury, and will soon transfer another $20 billion in excess funds connected to emergency lending facilities that stopped offering new loans last month.

Federal Reserve officials unanimously backed holding the pace of asset purchases steady when they met last month.

The spending plan the governor will release Friday will include a $4.5 billion economic recovery package in the wake of the coronavirus pandemic.

The lawsuits concern bond disclosure in South Carolina, a Florida toll bridge default, and the federal water rights fight between Florida and Georgia.

Republican Commissioner Elad Roisman was named SEC acting chair and is unlikely to push any major initiatives in his short time, but he does have a focus on fixed income markets.

The former South Bend, Indiana mayor understands the needs of state and local governments, though he lacks experience running a large organization.

The legal wrangling over whether the state can control expressways in Miami-Dade County is expected to rage on well into 2021.