California Governor Jerry Brown announced mandatory water restrictions for the first time in the state’s history. The dramatic order comes in response to an ever deepening drought crisis now in its fourth year. Gov. Brown held his press conference in an open field in the Sierra Nevada Mountains. The field would normally be covered in… Keep reading →
NEW YORK (CNNMoney) — Just as the government expands its disaster loan program for businesses hurt by the drought, a new report shows the agency that distributes the loans is letting millions of dollars go unpaid.
As of late last year, taxpayers were owed $171 million for delinquent disaster loans, according to an audit by the inspector general of the Small BusinessAdministration. Keep reading →