Far West

SAN FRANCISCO — The big ­question in Oregon is whether the two political parties will be able to put their differences aside long enough to tackle the state’s $3 billion ­budget hole.

The Financial Industry Regulatory Authority has fined Kildare Capital Inc. $25,000 for failing to timely report municipal securities transactions and other rule violations.

Dealer and non-dealer municipal advisers have until Dec. 31 to register with the Municipal Securities Rulemaking Board under a new system launched Monday.

SAN FRANCISCO — A public employee union is suing to block a California public-private partnership that would design, build, operate, and maintain a six-lane link between San Francisco and the Golden Gate Bridge.

ALAMEDA, Calif. — California Gov. Arnold Schwarzenegger announced plans to call a special session of the Legislature to deal with the state’s budget deficit when its new members are sworn in Dec. 6.

The Environmental Protection Agency last week issued guidance to state authorities on the reduction of greenhouse gas emissions from power plants and other large facilities, in advance of its new Clean Air Act rules that will take effect Jan. 2.

WASHINGTON — The Government Finance Officers Association is asking the Municipal Securities Rulemaking Board to more clearly explain the importance of its proposal to nearly double the transaction fees it collects from dealers in order to pay for its development of its EMMA system as well as its new oversight of municipal advisers.

SAN FRANCISCO — San Jose, Calif., has been forced to piece together bank backing for short-term notes that have helped pay for a more than $1 billion airport terminal.

ALAMEDA, Calif. — The war between California’s state and local governments over money is probably not over — and may be exacerbated by the grim budget picture painted this week by the Legislative Analyst’s Office.

WASHINGTON — The Treasury Department should permanently apply existing regulations on issue price to all tax-exempt and direct-pay bonds, while clarifying several aspects of the rules, according to the American Bar Association’s taxation section.