If Congress fails to reach an agreement and enacts sequestration cuts, Los Angeles could lose $115 million in federal funding increasing the city's projected $216 million deficit for 2013-14.
Federal Trigger Cuts Could Slice $115M from Los Angeles Budget
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY