California governor approves $1 billion in emergency coronavirus funds

wall street news

California governor approves $1 billion in emergency coronavirus fundsCalifornia’s governor on Tuesday authorized the use of about $1 billion in emergency funds to help the state’s people deal with the coronavirus outbreak. Governor Gavin Newsom, a Democrat, said the money would be used to increase hospital capacity, provide services to Californians isolating or quarantined at home and provide shelter for the homeless. Lawmakers in California’s legislature on Monday approved the bill, which appropriates $500 million from the state’s general fund and makes an equal amount available if needed.



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