Far West

Puerto Rico's pension funded ratio of 8.4% for 2012 was far worse than any of the 50 states, Morningstar, Inc., said in pension reports for 23 individual states and the territory it released on Wednesday.

Republican Kevin Faulconer and Democrat David Alvarez will face-off in a run-off election on Feb. 11 to replace San Diego Mayor Bob Filner who was forced from office following a sexual harassment scandal.

Fitch Ratings on Monday lowered the ratings to junk on slightly more than $100 million of San Ysidro, Calif., school district debt deeming it likely that the state could take over the school district.

FirstSouthwest, a Texas-based broker-dealer and financial advisor, has protested two request for proposals for financial advisors issued by Los Angeles that bar underwriters from applying.

During a hearing Monday, a U.S. bankruptcy judge set the trial date to hear Stockton, Calif.'s bankruptcy exit plan in March.

Moody's Investors Service has downgraded the rating on Lake Tahoe Unified School District's general obligation bonds to A1.

Vice President Joe Biden used a visit to the Port of Houston to renew the Obama administration's proposal for a $50 billion infrastructure renewal program.

The nation's mayors are urging Congress to avoid "manufactured crises" like another federal government shutdown because cities are struggling more economically this year than last.

Bankruptcy Judge Meredith Jury rejected another California Public Employees' Retirement System request for a direct appeal to the U.S. Ninth Circuit Court of Appeals on San Bernardino’s bankruptcy eligibility.

An adverse vote from the California Coastal Commission will delay Poseidon Water's plans for a Huntington Beach desalination plant by up to a year.