Far West

WASHINGTON — Ballard Spahr LLP is promoting public finance attorney Joseph Fanone to managing partner in its Washington, D.C., office, the firm announced Monday.

SAN FRANCISCO - California Gov. Jerry Brown's quick veto of the budget adopted by the Legislature last week has renewed concerns about the state’s cash flow amid another long ­delay.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.035% high rate, down from 0.050% the previous week, and the six-months incurred a 0.100% high rate, off from 0.105%.

WASHINGTON - State and local government groups are launching campaigns to protect the tax-exempt interest for municipal bonds against cost-cutting efforts in Congress.

WASHINGTON - The Bipartisan Policy Center released a new spending reform plan Thursday that calls for a near quadrupling of the U.S. Transportation Department's TIFIA program from a $122 million annual appropriation to $450 million.

SAN FRANCISCO — Former Los Angeles Mayor Richard Riordan is still ringing the warning bell about municipal finances.

The congressional Joint Tax Committee has estimated that President Obama's fiscal 2012 budget proposal to permanently reinstate Build America Bonds at a 28% subsidy rate would result in net revenue losses of $5.7 billion to the federal government over a 10-year period.

BRADENTON, Fla. - South Miami is seeking a taxable bank loan to fund a settlement with the Internal Revenue Service over impermissible uses of tax-exempt bond and bank loan proceeds to build a parking garage.

Washington's economic recovery has slowed since March after fairly strong growth in the early part of the year, according to state figures.

Nevada and Las Vegas retained the top spots in the nation for foreclosures, according to RealtyTrac.