Far West

Glendale, Calif. saw its issuer rating downgraded to Aa2 from Aa1 by Moody's Investors Service as part of the rating agency's adjustment in California bonds.

The trials began on Tuesday for six former Bell officials charged in a corruption case that came to light in 2010 and nearly bankrupted the city

Following a contentious battle, the Orange County Transportation Authority appointed Darrell Johnson as successor chief executive officer to the billion-dollar public agency.

Alaska Gov. Sean Parnell proposed legislation this week to overhaul the state oil tax structure.

Robert Citron, a former treasurer of California's Orange County who spent nine months in prison for his role in what stood for years as the nation's biggest municipal bankruptcy, has died. He was 87.

Bond-related bills pending in the Virginia House of Delegates would limit toll increases on the Dulles Toll Road and authorize the commonwealth, through authorities, to purchase and control the privately-owned Dulles Greenway.

The Financial Stability Oversight Council has extended the deadline for submitting comments on proposed regulations of money market mutual funds to Feb. 15 from Jan. 18.

California's legislative watchdog has commended Gov. Jerry Brown for his balanced budget proposal that also attempts to rein in general obligation bond borrowing.

Construction delay costs for a $5.2 billion elevated rail line planned for Oahu totaled $6 million -- 31% less than lawsuit-related delays were expected to cost the city.

The ranking Democrat on the House Ways and Means Committee said Tuesday that the Obama administration's proposed 28% cap on tax expenditures should be considered as a source of additional revenue in upcoming fiscal fights, but warned it should be viewed with caution.