July 6, 2025

california

Funds

Trump administration freezes $6.8 billion in federal education funds; California hit hard

The Trump administration on Monday moved to withhold a projected $6.8 billion nationwide in education funds — including at least $811 million from California — money appropriated by Congress to boost teacher training, after-school programs and classroom technology and to help students who are learning English and those who are from migrant families. Although the

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Funds

San Rafael approves funds for affordable housing initiatives

San Rafael has approved $600,000 in allocations to three nonprofits in support of their affordable housing projects in the city. The total outlay from the city’s affordable housing trust fund is $100,000 more than what staff initially recommended. The City Council agreed to kick in the extra money after hearing moving testimony from the applicants.

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Funds

Child safety advocates and California’s cannabis industry battle over tax funds – East Bay Times

A proposal to pause a planned tax hike on retail cannabis has set off alarm bells among child safety advocates whose substance use prevention and treatment work depends on funds generated by sales of cannabis products. Industry members say the move, which lawmakers in Sacramento are considering, is necessary to keep struggling retailers afloat. This

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Crypto

A look at the major players in the crypto industry and their ties to Donald Trump – The Mercury News

By WILL WEISSERT, Associated Press WASHINGTON  — President Donald Trump took office in January pledging to “make America the crypto capital of the world.” He has since harnessed wide swaths of the federal government to bolster the industry — all while raking in huge sums of money for his family’s business. By some estimates, crypto

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Funds

Anaheim’s using borrowed funds to balance new $2.4 billion budget as payoff of 1990s resort bonds nears – Orange County Register

Anaheim has a new $2.4 billion budget the City Council approved Tuesday, relying on stop-gap funding to maintain services before the city sees a massive influx of freed-up cash in a few years. “This proposed budget upholds funding for all we do for our community,” City Manager Jim Vanderpool said. “It funds the most extensive

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Funds

La Jolla teen turns to neighborhood jobs for college funds – San Diego Union-Tribune

Milo Zaharias graduated from La Jolla High School on May 29. But mere hours before he received his diploma and turned his tassel, he was hard at work on a car detailing assignment in Bird Rock. He worked a little faster and checked the time more often than usual (while not sacrificing the quality of

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Banking

Some banking scams to watch out for

CHICO — I want to start by saying that I appreciate a lot of the money apps we have now. I ended up going to a Pride event on Saturday and was able to easily buy things and split payments with friends for lunch with Venmo and it just made life way easier. What I

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Banking

Banking on more changes in Brea – Orange County Register

For 39 years, the Bank of America maintained a massive call center with up to 3,000 employees on Valencia Avenue in Brea. But in July 2022, it shut the doors of the center for good. Since then, the three-story, 637,503-square-foot building has sat empty, along with the on-site parking lot plus an additional one on

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Loans

14 people arrested in alleged scam involving more than $25 million in COVID-19 relief and business loans – The Mercury News

Fourteen people, including several Southern California residents, were arrested Wednesday, May 28, and accused of scamming the government out of more than $25 million in COVID-19 relief funds and federal small business loans, according to the U.S. Department of Justice. Two federal criminal complaints named 18 defendants, four of whom are believed to be in

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Investment

California man indicted after allegedly stealing more than $4 million in investment scheme – The Mercury News

A Redondo Beach man was charged last week in North Carolina after he allegedly posed as an investment adviser and defrauded victims of more than $4 million over the course of several years. Jon Patrick Kubler, 52, was indicted on charges of securities fraud and transactional money laundering  after he allegedly provided investment planning and

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