Far West

House Republicans unveiled their fiscal 2014 budget Tuesday that would overhaul the tax code without raising new revenue, slash federally-funded high-speed rail, repeal President Obama's healthcare law, and cut domestic programs.

Mary Jo White, President Obama's nominee for chairman of the Securities and Exchange Commission, told lawmakers Tuesday that her work representing high-profile clients as a criminal defense attorney will not create undue conflicts of interest or affect her ability effectively run the SEC.

Fewer governors have been focusing on pension reform in their state of the state addresses this year, but most who propose reform follow through, according to Loop Capital Markets.

California heads to Wall Street this week to borrow for the first time since the most-populous state earned a credit-rating boost in January, as buyers push its debt close to the strongest in more than four years.

A dozen Senate Democrats and an Independent lawmaker have re-introduced a bill that would impose a minimum 30% tax on high income tax payers who earn more than $1 million as a way to help reduce the ballooning federal deficit.

Three Standard and Poor's analysts speaking in the wake of federal sequestration cuts said that public power utilities, water and sewer entities, and the transportation sector should all remain fairly stable for the next year despite a number of pressures.

The IRS' TEB office released a new check list form that will be required for a voluntary closing agreement program submission request.

The Transportation Infrastructure Finance and Innovation Act has been touted by many as a crucial funding source for major projects, but most states have never used the program and say it has little value for them.

California Controller John Chiang said February revenues came in almost on track with estimates in Gov. Jerry Brown¹s proposed budget.