California

The fate of higher education was on the agenda at the Milken's Institute's Global Conference.

Utilities serving 40 million people and 5 million acres of irrigated farm land agreed to a federal plan to keep water flowing amid a two-decade drought.

The layout of Los Angeles means the concept wouldn't work as proposed in Manhattan, Eric Garcetti said in New York.

Eric Garcetti unveiled his fiscal 2020 budget proposal for Los Angeles.

Kroll Bond Rating Agency lifted Los Angeles one notch to AA-plus.

Los Angeles received a one-notch upgrade to AA from Fitch Ratings following several years of revenues outpacing expenditure growth.

Four California and Chicago school districts are among issuers to earn negative outlooks in Fitch revisions after a ruling in Puerto Rico's bankruptcy.

The number of states aiding school districts with pension costs is expected to grow as pension burdens escalate.

Former Gov. Arnold Schwarzenegger celebrated when the California Transportation Commission voted, despite a host of warnings, to pay a contractor more than $1 billion to build two tunnels and a stretch of road outside San Francisco nine years ago.

Refundings of recession-era stimulus bonds are driving California's robust sales volume.

The Golden State keeps its issuance streak alive as it get set to sell $2.1 billion of general obligation bonds later this week. This deal is primarily a refunding — a result of bonds sold in 2009 under the Stimulus Act hitting their 10-year call date.

Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.

Climate analytics business risQ is partnering with Municipal Markets Analytics to get a better handle on the risk climate change creates for municipal debt.

Moody's Investors Service downgraded one public electric utility and assigned negative outlooks to three after reviewing potential wildfire liability exposure.

Ila Afsharipour will be based in San Francisco.

FEMA denied California reimbursement for a portion of Oroville Dam repairs, saying the state failed to maintain it.

Glitches in California's electronic financial system are delaying annual financial reporting documents, said Controller Betty Yee.

The company that bought Vernon's power plant is suing the city in a case over whose fault it is that the plant operated below full capacity.

This week's deal will prime the pump for another $2.5 billion in loans Freddie Mac plans to securitize in the next two to three years.

With a mere $2.4 billion of municipal new issuance this week, investors will face stiff competition for paper.