Far West

Moody's Investor Service said it has assigned an Aa1 rating to California's Department of Water Resources Central Valley Project System revenue bonds ahead of a sale.

A bill that would tax energy-efficient vehicles for using the road is moving through the Oregon legislature, according to local reports.

Moody's Investors Service has raised the general obligation bond rating of the San Mateo-Foster City School District to Aa1 from Aa2, affecting $138 million in outstanding debt.

California Gov. Jerry Brown's revised general fund budget proposal released Tuesday cuts general fund spending by $1.3 billion from his January proposal amid lower revenue forecasts.

No flood of bond defaults will spread through California cities in the near future, just possibly a smattering, according to a new academic study.

California Gov. Jerry Brown revised general fund budget released Tuesday cuts general fund spending by $1.3 billion from his earlier proposal amid lower revenue forecasts for the next fiscal year.

California cities have seen some financial improvements, but they will continue to face challenges in the next few years, Moody's Investors Service said in a recent report.

The Treasury Department has made no decision about whether to continue or halt sales of State and Local Government Series Securities when the suspension of the debt ceiling expires on May 19, but in either case would honor any subscriptions received before that date, an official said.

A California bill to block financial firms with an interest in debt sales from participating in school bond elections passed the state Assembly Monday.

San Bernardino, Calif., and creditors like CalPERS can't agree what numbers to argue over as the city prepares to ask a federal judge to declare it eligible for bankruptcy.