Far West

With almost $1 billion of January bond sales in the books, Washington plans to return to market next week with another $483.6 million in general obligation bonds.

In a formal written opinion, U.S. Bankruptcy Judge Christopher Klein reiterated that bankruptcy law gave Stockton, Calif. the legal authority to impair pensions, even though the city chose not to.

The White House generated fresh ideas aimed at curing the nation's infrastructure woes in its budget proposal, but shot itself in the foot by including a limit on the federal tax exemption for municipal bonds.

Gina Marie Lindsey, executive director of the Los Angeles World Airports which runs Los Angeles International Airport and two others, plans to retire in the spring.

The Association of Bay Area Governments plans to reimburse San Francisco the $1.3 million missing from a city redevelopment fund after an alleged theft by its finance director and conduct a forensic audit the transactions he worked on.

The Internal Revenue Service is seeking applications from issuers for unused volume cap of new clean renewable energy bonds.

Senate public works panel will continue development of multiyear transportation bill without proposed tax on corporate overseas profits.

The Securities and Exchange Commission's requested fiscal year 2016 budget of $1.722 billion would allow the commission to hire hundreds of examination staff and step up enforcement, as well as help the muni office coordinate with self-regulators.

Standard & Poor's revised the outlook to negative and affirmed an A-plus rating on Kern County, California's long-term debt after the county declared a fiscal emergency when oil prices fell.

Moody's Investors Service upgraded to Aa3 from A1 Redmond, Oregon's Water Enterprise revenue bonds and removed the bonds from review.