The tax would raise $40-50 million a year and start San Francisco on the road to being the first U.S. city with a municipal public bank.

Zohran Mamdani’s resounding victory as mayor of New York City now needs to show results. Image Credit: Public Bank NYC

A group of local and statewide poverty-fighting organizations want Fresno to reimagine how it does its banking. Fresno, which ranked ninety-seventh out of 100 in small business lending in a national study just over a year ago, lags behind the rest of the country in providing its residents access to capital. Some proponents believe a model relatively new to American soil (

Dan Rohde

By kicking millions off Medicaid, shuttering national agencies, withdrawing nutritional support for childcare, Congress’ "BBB" will cause fiscal trauma for states and cities.

Guaranteed income—regular, unconditional cash payments designed to reduce economic insecurity—has emerged as one of the most promising pathways to abolish poverty in the United States. But as communit...

"Some say the need for a municipal bank is even greater as the Trump administration plots cuts to housing, green energy and other programs."

Watchdogs could cut capital rules as Trump’s deregulation drive opens door to rollback of post-crisis protections