California

High-grade trading Friday showed the disparate credit picture that investors are facing; they now need to dig deeper into municipal financials and the backstops on certain bonds.

Depending on recovery, state's deficit could soar to $126 billion.

In the midst of issuer credit deterioration due to coronavirus, muni yields fell and new-deals were priced on the heels of California's $54 billion deficit news.

The state government, which was looking at multibillion-dollar surpluses before the coronavirus struck, is now facing a $54.3 billion of red ink.

The case that has the potential to upend legal precedent about how public pensions are treated in California.

The California Supreme Court will hold online oral arguments Tuesday in a public pension case that could challenge the so-called "California Rule."

Better technology can help enhance efficiency, analysts and civic leaders say.

California's response to COVID-19 became a factor in Verity Health System's Chapter 11 proceedings.

Two executives for the failed Tri-Valley charter schools agreed to pay $20,000 and $15,000 to settle charges of misleading municipal bond investors.

Mayor Eric Garcetti declared a state of fiscal emergency when he delivered his budget proposal for fiscal 2021.

Mayor Eric Garcetti announced plans to furlough thousands of city employees because of coronavirus-driven shortfalls.

Hard on the heels of last week's successful California sale, the municipal bond market will see some much needed supply head its way this week.

The secondary market took a backseat to the primary Thursday with yields holding steady while Lipper reported $833 million of inflows, the first since February 26.

State Sen. John Moorlach thinks cities and counties should have to obtain voter approval before issuing pension obligation bonds.

ICI reported nearly $3 billion of outflows, which is foretelling that coronavirus-driven volatility still lingers even if the muni market has rallied by at least 60 basis points since early-April high yields.

Virgin Trains USA hopes to sell tax-exempt bonds from its $600 million California allocation this summer.

May is when budget talks usually get serious in California, which has a budget highly dependent on income and capital gains taxes.

The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

Marshall Medical Center in Placerville was cut to BB-plus.