Far West

Failure by Congress to develop a long-term transportation bill early next year could mean another highway funding crisis in a few months.

Moody's Investors Service has upgraded the California College of the Arts ahead of a private placement planned later this month.

The District of Columbia is planning to price roughly $523 million of general obligation bonds next week and “strong demand” is expected both because of improved ratings and the fact that it’s been awhile since D.C. issued long-term, fixed rate GOs, said D.C. Deputy Chief Financial Officer and Treasurer Jeffrey Barnette.

States are having trouble forecasting tax revenue largely because of increasing volatility in their revenues, according to a report released by the Nelson A. Rockefeller Institute of Government on Tuesday.

Securities and Exchange Commission member Michael Piwowar said Tuesday that it isn't clear if implementing a uniform fiduciary standard of conduct for broker-dealers and investment advisers providing personalized investment advice about securities would benefit retail investors.

Los Angeles city leaders offer support for Anschutz Entertainment Group's request for an extension to sign the National Football League team required for its soon-to-expire contract with the city to construct an NFL stadium and convention center expansion.

Gov. Jerry Brown on Monday signed into law a bill that will make it easier for local governments to take advantage of a current infrastructure financing law.

A ruling by a Superior Court judge in Orange County, Calif., Friday cleared the way for the Anaheim City Council to sell $300 million in bonds to pay for a 200,000-square-foot convention center expansion.

A Superior Court judge in Riverside County will hear arguments Oct. 31 on a motion for summary judgment in a lawsuit brought by Ontario, California seeking the return of its airport from Los Angeles.

Bonds issued for a District of Columbia charter school in 2007 have been downgraded to B-minus from B-plus by Standard & Poor's because of pending litigation, the rating agency said Friday.