Los Angeles Area Chamber warns shutdown could harm local economy

Maria S. Salinas, President & CEO of the Los Angeles Area Chamber of Commerce
Maria S. Salinas, President & CEO of the Los Angeles Area Chamber of Commerce
0Comments

The Los Angeles Area Chamber of Commerce has raised concerns about the potential negative impact a prolonged federal government shutdown could have on the local economy. In a statement released by the organization, President and CEO Maria S. Salinas said, “A prolonged federal shutdown puts our local economy at risk. It disrupts funding, delays essential services, and creates uncertainty that undermines business confidence. As the nation’s gateway for trade and innovation, Los Angeles plays a vital role in driving economic growth, and extended federal gridlock threatens prosperity and global competitiveness. We urge federal leaders to act swiftly to restore stability and protect our economy.”

The Chamber highlighted Los Angeles’ position as an important hub for both trade and innovation in the United States. The organization represents a diverse group of businesses and institutions throughout the region, including those from private industry, non-profit organizations, academia, and public sectors. According to its mission statement, the Chamber works to create opportunities for a thriving regional economy that is inclusive and globally competitive.

Founded as the oldest and largest business association in the area, the Chamber has played an ongoing role in bringing together business leaders, community members, and policymakers to promote economic vitality.



Related

Brian Moynihan Chair of the Board and Chief Executive Officer

Bank of America to redeem €1.5 billion senior notes due May 2027

Bank of America plans to redeem all outstanding €1.5 billion senior notes due in May 2027. Payment is set for early May next year following standard settlement procedures.

Ron S. Jarmin, Acting Director

U.S. Census Bureau releases most common first and last names from 2020 Census

The U.S. Census Bureau has published new tables showing America’s most common first and last names based on data from the 2020 Census. The release highlights longstanding surname trends as well as demographic shifts reflected in changing name popularity.

Brian Moynihan Chair of the Board and Chief Executive Officer

Bank of America reports first quarter 2026 financial results

Bank of America has released its first quarter financial results for 2026. Investors can access detailed filings online or join a conference call led by top executives discussing these outcomes.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from LA Commercial News.