Far West

California counties' savings from the health insurance expansion under the Affordable Care Act will be offset by other state funding cuts, according to Moody's.

California sold $2.28 billion of general obligation bonds on Tuesday, which generated larger refunding savings than estimated.

Nevada secured two Triple-A ratings and a Double A-plus rating ahead of plans to price $573 million in unemployment compensation fund special revenue bonds on Oct. 29.

Hawaii may face competition in the bond market Nov. 1, when it plans to price $821 million in general obligation bonds in a combined new money/refunding deal.

The Internal Revenue Service is auditing $43.26 million of subordinate revenue bonds that the Coral Springs, Fla., Improvement District sold in 2007 to finance water and sewer system improvements.

New head of state highway officials group seeks national economic stability through sustainable federal transportation funding.

After a four-day strike, union workers and San Francisco Bay Area Transit management have reached a tentative agreement on labor contracts.

The San Francisco Bay Area Rapid Transit District strike is a credit negative for the transit system, according to Moody's Investors Service.

The California Public Employees' Retirement System plans to appeal the bankruptcy court ruling declaring San Bernardino eligible to be in Chapter 9 bankruptcy.

The Treasury Department announced Thursday that it is resuming the sale of state and local government series securities at 1 p.m., EDT, after the longest suspension in 17 years.