Governor Announces COVID-19 Financial Relief Package

Governor Gavin Newsom yesterday announced a major financial relief package. He said California is getting $10 billion from the national emergency bill to deal with the coronavirus crisis. This will boost unemployment pay with up to an extra $600 weekly. Almost very major bank in California has voluntarily agreed to a 90 day delay in personal mortgage payments. Those include Wells Fargo, US Bank, Citi and Chase. Bank of America only agreed to a 30-day suspension. Get details on how to apply for relief at: covid19.ca.gov/get-financial-help/#top

The U.S. Senate approved a $2 trillion COVID relief package in which individuals would get direct payments of at least $1,200. It also expands unemployment insurance for workers.