Far West

Transportation infrastructure construction will grow slightly faster than the rest of the economy in 2015, according to highway construction group.

Municipal issuers' financial challenges are preventing them from issuing more bonds to take advantage of low interest rates, Virginia Treasurer Manju Ganeriwala said here on Thursday.

Hawaii Governor David Ige has named the state's pension chief to head the Department of Budget and Finance.

The Securities Industry and Financial Markets Association is seeking a legislative fix to the municipal advisor rule so that it is less burdensome for bank and broker-dealer firms, executives of a broker-dealer group said Thursday.

California's Bay Area Toll Authority prices $814 million of revenue bonds next week in a deal structured with an eye to the market's concerns about the potential for rising rates.

The House on Wednesday passed a bill that would extend through the end of the year expired tax provisions known as "extenders," several of which relate to bonds, state and local taxes and Puerto Rico.

Total tax-exempt and taxable municipal bond issuance in 2015 is expected to edge up to $357.5 billion, an increase of more than 2.7% from the $348.1 billion forecast for this year, according to respondents of an industry survey.

Roy Amemiya, a television executive and former banker, has been appointed to the second highest position in Honolulu's administration.

The Federal Bureau of Investigation seized 20 boxes of documents Tuesday related to purchases made through Los Angeles Unified School District's $1.3 billion plans to provide iPads to every student.

Securities and Exchange Commission member Daniel Gallagher wants more action on pension accounting and more staff devoted to the municipal market.