Far West

Merrill Lynch, Pierce, Fenner & Smith, a subsidiary of Bank of America, was ordered to pay $422,708 in fines and restitution by the Financial Industry Regulatory Authority for charging customers excessive markups and markdowns on municipal securities.

Minnesota Gov. Mark Dayton will propose a compromise transportation funding bill to resolve a legislative deadlock.

The next president and new Congress have an opportunity to reverse the ongoing decline in the nation's aging infrastructure.

California Gov. Jerry Brown released a revised state budget proposal that he said would fund core programs while paying down debt, saving money and holding the line on new obligations.

Proposed changes to California's drought regulations would likely result in higher sales and better financial performance for water issuers in fiscal 2017, according to Fitch Ratings.

Facing new federal constraints on tax-exempt debt for projects with a private revenue stream, El Paso County, Texas, refunded tax-exempts with taxable bonds and still achieved interest rate savings.

Hosting Super Bowl 50 injected $11.6 million into the San Francisco economy, according to the city controller.

Claire Seguin will serve as interim director of the Oregon Housing and Community Services Department, a major bond issuer in the state, beginning next month following the resignation of current director Margaret Van Vliet.

With water from a desalination plant flowing through its pipes, the San Diego County Water Authority heads to market with a $340 million refunding.

The Indianapolis Airport Authority said this week that it has agreed to settle a dispute with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds, even though it disagrees with the IRS' position on the bonds.