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A new report on the state’s economy isn’t providing any good news on this Labor Day. The study says California won’t recover from the recession as quickly as most other states.

University of California regents met in San Diego this week to discuss how to close a $1 billion budget gap. UC President Mark Yudof said thousands of qualified applicants will be turned away because of a proposed $500 million budget cut for 2011-2012, and other "unavoidable" expenses. The California State University system is also facing massive budget cuts that could lead to layoffs, and higher tuition. We discuss how the budget cuts could impact California colleges.

President Obama's executive and judicial nominees have, for the most part, sailed through committee hearings, only to then hit a dead end in the Senate. There, lawmakers are able to block them, and do so anonymously. Democrats are now demanding a ban on this practice.

The government's decision to purchase minority stakes in financial institutions and further expand its deposit insurance programs will give it unprecedented power over financial institutions. It's an intervention many find unsavory, but necessary.

A small group is meeting at the Treasury Department — largely in secret — to rewrite the rules of how the government will save the banking system. It is deciding how to spend more than $300 billion — the remainder of the $700 billion in bailout funds.

A New York judge on Saturday blocked Wells Fargo & Co.'s attempt to purchase Wachovia Corp. The judge scheduled a meeting between representatives from Citigroup and Wachovia for Oct. 10.

Six domestic violence shelters in California have been forced to close while dozens more are scaling back services after Gov. Arnold Schwarzenegger eliminated all state funding for the program that supports them.

This week, Senate Democrats accuse U.S. Attorney General Alberto Gonzales of being dishonest about the firing of nine federal prosecutors, and a domestic surveillance program. Also, a handful of deve

The San Diego school district secured a $10 million federal grant for six of its magnet schools to help keep them running. KPBS reporter Ana Tintocalis has more.

The U.S. Sentencing Commission has called on Congress to reduce the tough penalties for federal crack cocaine crimes. And in a sign that the commission isn't waiting for Congress to change the law, it is using its own authority to recommend shaving sentences for most federal crack cocaine offenses.