What the future looks like under a half-speed reopening.

Larry Summers disappoints. One upsetting fact is that a number of well-known economists seem to casually favor such huge spending without considering the details or effects. And even though one economist, former Clinton and Obama adviser Larry Summers, has expressed concern about the bad effects, he favored the CARES Act anyway and appears to favor Pelosi’s bill.

California’s record budget deficit is formally unveiled, and Tesla's CEO Elon Musk re-opens his Bay Area car factory–in defiance of local business restrictions.

The poor tax and fiscal choices that are partially responsible for the Golden State finding itself awash in red ink.