A default could result in the loss of 841,000 California jobs and cause hardship for municipalities.
Local governments need to be aware of how this legislation will impact them. They should also know about several provisions that allow local agencies to directly tap into federal assistance under IRA.
The Biden Administration is considering massive cuts to the federal F-35 program, which supports 50,000 jobs in California.
San Francisco Mayor London Breed and Stockton Mayor Michael Tubbs are among 14 Black mayors featured in a new ad by the Joe Biden presidential campaign.