Far West

The Loudoun County Board of Supervisors voted 5-4 to go ahead with the county's participation in the second phase of the Washington Metrorail's Silver Line extension, committing the county to an approximately $270 million share of the construction costs of the controversial and largely bond-financed project.

Stockton's filing for bankruptcy protection Thursday has already sparked a war of words between the city and one of its largest creditors.

Standard & Poor's said its rating and outlook for California will not be impacted by the enactment of the state's $91.3 billion general fund budget.

Stockton, Calif. formally filed for Chapter 9 municipal bankruptcy Thursday.

A feud between San Jose and Santa Clara County, Calif. over redevelopment tax money that may have led to defaults and has spread uncertainty across the sector appears to have ended.

Gov. Jerry Brown has signed a budget that closes an estimated $15.7 billion budget deficit for the fiscal year that starts Sunday.

Moody's Investors Service affirmed its Aaa rating on King County, Wash. unlimited tax GO bonds, and its Aa1 rating for its limited tax GOs.

Moody's Investors Service Tuesday affirmed Billings, Mont.'s general obligation debt at Aa2 ahead of a GO bond sale.

A California ballot initiative that would have increased taxes on cigarettes by $1 a pack appears to be finally dead after a tight vote

California's general fund revenues for May came in $176 million below estimates in Gov. Jerry Brown's May budget proposal