Latest news with #DivisionofUnclaimedProperty
Yahoo
3 days ago
- Business
- Yahoo
Dave Young, Colorado state treasurer, announces run for Congress
Colorado Treasurer Dave Young speaks at the opening of Colorado Democrats' Aurora field office on June 28, 2022. (Faith Miller/Colorado Newsline) Colorado State Treasurer Dave Young on Wednesday became the fourth prominent Democrat to throw his hat in the ring for Colorado's highly competitive 8th Congressional District. 'The residents of Colorado's 8th District are worried about their economic future — and rightfully so,' Young said in a statement announcing his candidacy. 'I'm running for Congress to stand up for working families, protect the programs they count on, and ensure our economy works for everyone, not just the wealthy few. I am running to stand up for Colorado's working families and deliver results that matter in a time of uncertainty.' Young, a former state representative from Greeley, has served as Colorado treasurer since 2019. One of four statewide executive offices elected by voters, the treasurer oversees the management, investment and disbursement of state funds, along with a handful of savings and loan programs and the state's Division of Unclaimed Property. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX The 8th District is Colorado's newest, most competitive and most diverse congressional seat. Drawn by an independent redistricting commission in 2021, it includes parts of Denver's northern suburbs as well as more rural areas in southern Weld County. Four in 10 residents of the district are Latino. The seat is currently held by U.S. Rep. Gabe Evans, a Fort Lupton Republican who unseated former Democratic Rep. Yadira Caraveo by a margin of fewer than 2,500 votes in the 2024 election. Despite representing one of the nation's most evenly divided congressional districts, Evans has remained a steadfast supporter of President Donald Trump's historically extreme anti-immigration agenda, his chaotic efforts to launch a global trade war and a sweeping GOP budget bill that would cut $625 billion from Medicaid. Caraveo has launched a bid to win back her seat in 2026, joining a Democratic primary that also includes state Reps. Manny Rutinel of Commerce City and Shannon Bird of Westminster. Young's campaign announcement noted that he is the only Democratic primary candidate to hail from the district's more conservative half in Weld County, calling him the Democrat 'best positioned to win this seat back.' And it blasted Evans' support for a package of deep cuts to Medicaid, which provides coverage to more than 1 in 4 of the 8th District's residents. 'This is personal to me. My sister has severe developmental disabilities, and has been reliant on life sustaining support provided by Medicaid for much of her life,' Young said. 'Congressman Gabe Evans and his GOP allies just voted to slash Medicaid benefits, which will impact tens of thousands of people in this district, as well as millions of others including people like my sister.' 'Colorado's 8th Congressional District deserves a representative who shows up, listens, and delivers,' he added. 'I've spent my life making government work better for people, and I'm ready to bring that same energy and experience to Washington.' SUPPORT: YOU MAKE OUR WORK POSSIBLE
Yahoo
07-03-2025
- Business
- Yahoo
‘Chaos' of Trump tariff threats imperiling Colorado's economy, state treasurer says
Colorado Treasurer Dave Young speaks at the opening of Colorado Democrats' Aurora field office on June 28, 2022. (Faith Miller/Colorado Newsline) President Donald Trump's chaotic 'game of chicken' in a trade war with Mexico and Canada threatens to raise consumer costs, undermine Colorado's economy and complicate the state's efforts to close a billion-dollar budget gap, Treasurer Dave Young said Thursday. For the second time, Trump has backed off plans to impose broad tariffs on Canadian and Mexican imports, signing an executive order Thursday to delay the 25% tariffs on most goods from the two countries until April 2. The move, announced earlier this week, had sent Wall Street stocks tumbling and heightened fears of an economic slowdown. Speaking alongside other state treasurers in a virtual press conference, Young said that the 'chaos and confusion' caused by Trump's actions are making carrying out his duties, which include safeguarding the state's cash flows and investing public funds responsibly, much more difficult. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX 'While I'm glad to see that President Trump may be reconsidering his policies with this announcement of a temporary pause, we know this will continue to cause chaos,' said Young. 'The right thing to do is to end this game of chicken today.' Young, a Democratic former state lawmaker from Greeley, has served as Colorado's state treasurer since 2019. One of four statewide executive offices elected by voters, the treasurer oversees the management, investment and disbursement of state funds, along with a handful of savings and loan programs and the state's Division of Unclaimed Property. Trump, again, walks back tariffs in trade war with Canada and Mexico Trump first announced the tariffs soon after taking office in January, before agreeing to a 30-day 'pause' on Feb. 3. Despite insisting on Monday that there would be 'no room left for Mexico or Canada' to negotiate, Trump backed off his plans again by exempting most goods — those covered under the 2018 trade deal known as the United States-Mexico-Canada Agreement, negotiated during Trump's first term — from the tariffs in an executive order signed Thursday. Young cited statistics linking over 115,000 Colorado jobs to trade with Canada and Mexico, and highlighted the Suncor oil refinery in Commerce City, which processes oil imported from Alberta, Canada, as one way in which Coloradans would be hit particularly hard by the tariffs. 'A trade war will result in punishing prices, brutal layoffs and decreased activity, undermining Colorado's vibrant economy,' said Young. With Colorado lawmakers already facing an estimated $1.2 billion budget shortfall this year, the economic headwinds created by tariffs, and the continued uncertainty about when and how they will go into effect, could have serious consequences for the state's ability to fund public services, he added. 'This is uncertainty that actually adds to the crisis we have in budget right now,' Young said. 'Certainly for businesses, as to whether or not they want to invest in our economies — they don't turn on a dime like President Trump's mind does every morning when he wakes up. They actually have to plan for the future, they have to make smart investments, and this chaos doesn't lead to effective planning and successful operation of businesses.' SUPPORT: YOU MAKE OUR WORK POSSIBLE
