California

California Gov. Gavin Newsom asked the legislature to triple the amount of direct stimulus checks to state residents in a $100 billion recovery plan.

Arizona and neighboring states are preparing for the first mandatory cuts in water from the Colorado River after 20 years of drought.

An increase to $30 billion from $15 billion on the PAB allotment overseen by the Department of Transportation was one suggestion a House panel heard Thursday.

The administration of Gov. Gavin Newsom and the state legislature have separate efforts that would result in increased climate risk disclosure.

Rates, ratios and credit spreads have munis entering May on solid footing, though some pressures due to tax season and rising U.S. Treasuries remain.

Stronger-than-expected state revenues and other borrowing options meant the California School Finance Authority's note program didn't use its full authorization.

With enough signatures collected, according to the Secretary of State's tally, a recall election is likely.

Mayor Eric Garcetti wants to exponentially increase spending to reduce homelessness as reports emerge that previous efforts aren't keeping pace.

Municipal triple-A benchmarks held steady as the focus was on the primary in which large new issues repriced to lower yields while secondary trading was light.

Sub-1% 10-year municipals and low ratios may test investor appetite for the asset class but it is hard to ignore the strong fundamentals and substantial fund flows in the backdrop.