Far West

California's Ran sale will be almost twice as large as its 2011 note sale, as the state's normally uneven cash-flow schedule has an additional layer of uncertainty because of a November tax ballot measure.

Seattle-area voters appeared to have approved two property tax measures to help improve facilities and operations amid tight budgets.

Washington saved $74 million this week by refunding more than $700 million of general obligation bonds in two competitive sales, officials said.

Standard & Poor's said Wednesday it has downgraded San Bernardino Joint Powers Financing Authority housing tax allocation bonds to BBB from A-minus due to the city declaring bankruptcy.

A bill that would change California's municipal bankruptcy law again appears to have stalled without support from the Democratic majority leadership in the state Senate.

Bond insurer National Public Finance Guarantee Corp. has challenged Stockton, Calif.'s petition for a bankruptcy.

The judge in Stockton's bankruptcy case has denied an injunction that would have kept the city from cutting retiree medical benefits during the Chapter 9 process.

Bond Buyer Washington Bureau Chief Lynn Hume interviews George Friedlander, Chief Muni Strategist at Citi.

Bond Buyer Washington Bureau Chief Lynn Hume interviews Toby Rittner, Pres. and CEO, Council Development Finance Agencies