Far West

Stockton, Calif. asked bondholders and bond insurers to take major hits during the mediation process that preceded the city's Chapter 9 bankruptcy filing.

Lifting the more than 100 year-old federal law restricting the height of buildings in the District of Columbia would eventually expand the city's "very limited tax base," D.C. Chief Financial Officer Natwar Gandhi told a House subcommittee.

The University of California will sell $900 million of revenue bonds next week for refinancing and to fund various projects across six campuses, including the renovation of the storied Pauley Pavilion basketball arena at UCLA.

Washington Treasurer James McIntire said the state saw good results from its four competitive bond sales on Wednesday that totaled $560 million

The San Francisco Municipal Transportation Agency raised $63.8 million last week from the sale of revenue bonds during its first foray ever into the municipal bond market.

Moody's Investors Service said in a report Monday it will maintain its Aa2 rating on Los Angeles Department of Water and Power water system revenue bonds.

California Gov. Jerry Brown signed a bill Wednesday that authorizes $4.7 billion, partly from the sale of bonds, to start construction of a high-speed intercity passenger rail network.

California's June revenues came in 5.6%, or $622 million, above the forecast in the enacted budget, according to the Department of Finance.

Fitch Ratings said in a report Tuesday it kept $65 million Anchorage, Alaska sewer revenue bonds at AA.

Federal regulators do not support wholesale removal of the Tower Amendment or exemptions from federal securities laws for municipal securities, the General Accountability Office said in a report issued Thursday.