How U.S. Debt Default Would Impact California
A default could result in the loss of 841,000 California jobs and cause hardship for municipalities.
A default could result in the loss of 841,000 California jobs and cause hardship for municipalities.
Calexico has been overwhelmed by the volume of migrants ending up on city streets.
State and local governments are hemorrhaging jobs and it’s not clear when, or if, more federal relief will come.
The U.S. CARES Act allots $150 billion to struggling state and local governments through the Coronavirus Relief Fund (CRF). Those dollars are based on population size.