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WASHINGTON - JPMorgan Chase & Co. has agreed to pay $228 million to settle criminal and civil charges stemming from former employees' fraudulent bid-rigging of at least 141 municipal bond-related reinvestment contracts involving state and local issuers and conduit borrowers in at least 31 states over eight years.
July 7
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Washington Gov. Christine Gregoire announced she has formed a task force this week to develop a 10-year investing and funding plan for the state's transportation system.
July 7 - California
San Diego's redevelopment agencies face a loss of around $70 million this year and $16.5 million annually because of the budget past last week, according to local press reports.
July 7 - California
A California bill that would contribute to the disincorporation of the controversial city of Vernon in Los Angeles County advanced Wednesday.
July 7 -
Legislation that would make it harder for California municipalities to file for bankruptcy stalled in committee Wednesday.
July 7 - Alaska
Alaska officials presented a report to the Legislature on Tuesday outlining plans for a $7.5 billion, 700-mile natural gas pipeline.
July 7 -
Sens. Ron Wyden, D-Ore., and Dan Coats, R-Ind., are urging President Obama and congressional leaders to agree to include in their debt-reduction plan an agreement to enact comprehensive tax-reform legislation before the end of the year.
July 6 -
Leaders of the House and Senate transportation committees are preparing two significantly different bills to reauthorize highway and transit programs after the current law expires on Sept. 30.
July 6 - Washington
Efforts to extend and expand stimulus law provisions for qualified zone academy bonds and qualified school construction bonds would get a boost under a bill recently introduced by Rep. Charles Rangel, D-N.Y.
July 6
- Washington
Jessica Giroux, formerly with the office of New York state Sen. James Alesi, has joined the Bond Dealers of America as a vice president.
July 5
