Far West

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.

The Sacramento City Council voted Tuesday to make major cuts to police and fire services in the budget.

State Controller John Chiang said California's total revenues in May came in 5.9%, or $408 million, above estimates in the governor’s May revise budget.

California's economic recovery is still weak, according to economists.

California Gov. Jerry Brown wasted little time in vetoing Thursday the budget sent to him less than 24 hours earlier by the Legislature.

WASHINGTON — Budget cuts proposed by Republicans would foster uncertainty in the derivatives market but would not interfere with new rulemaking, the Commodity Futures Trading Commission's chairman warned members of a Senate panel Wednesday.

WASHINGTON — Martha Mahan Haines, 59, the Securities and Exchange Commission's muni chief, will retire at the end of June after 12 years in the SEC's municipal securities office.