California

Fresno, after much of its debt was downgraded to junk by Moody's, is facing cash flow problems that will likely lead to more layoffs and service cuts.

Increase in passenger traffic at John Wayne Airport in Santa Ana, Calif. partly attributed to new international terminal offerings.

An Orange County Superior Court Judge has 90 days to rule on a lawsuit filed by the California Department of Finance and the chancellor of the state's community colleges against Orange County after the county diverted money from education to balance its budget.

A proposal has been introduced in California that would exempt 20,000 local and regional mass transit works across the state from pension reform passed by state lawmakers last year.

California lawmakers will hold hearings to investigate the use of off-budget accounts by state agencies

Standard & Poor's upgraded California's general obligation rating to A from A-minus in a move the municipal bond market has expected.

Build America Mutual Assurance Company announced Wednesday night that it has been licensed to operate in the state of California.

The majority of the 202 California cities that Standard & Poor's rates are likely to see improving credit quality in 2013 as their economies recover and revenues strengthen.

Word has surfaced that Los Angeles may make an offer for the Atlanta Falcons. The news comes as the Falcons are trying to negotiate for a new $1 billion stadium.

Los Angeles and San Diego are both crafting plans to rectify years of deferred maintenance resulting in crumbling city streets and sidewalks.

Public-private partnerships are "toxic" to a lot of people and the mere mention of them can hinder projects, California Treasurer Bill Lockyer said Tuesday. Lockyer said, "Avoid talking about public-private partnerships. They are toxic with a lot of people."

San Francisco Supervisor John Avalos plans to request a hearing to examine whether city investments were harmed by manipulation of a key lending rate.

Legislation has been introduced in California to curtail the use of some capital appreciation bonds sold by school and community college districts.

Standard & Poor's revised its outlook to negative, on Los Angeles AA-rated solid waste resources bonds ahead of a $153 million competitive deal. Fitch Ratings affirmed at AA-minus with stable outlook.

San Bernardino County CEO Greg Devereaux said Thursday that the plan to use eminent domain to restructure the loans of underwater borrowers had not receive enough community support.

Officials in Atwater, a northern California city that narrowly avoided bankruptcy last year, have proposed a half cent sales tax specifically earmarked for public safety for the March 5 ballot.

University of California President Mark Yudof has said he will step down as head of the 10-campus system at the end of August.

Moody's Investors Service downgraded more than $300 million in Fresno, Calif., debt to speculative grade.

Moody's Investors Service upgraded Los Angeles general obligation bonds to Aa2, while affirming ratings for general-fund supported debt that increase the variation between GOs and general-fund backed debt.

Southwest Airlines and Los Angeles International Airport will fund up to $400 million in Terminal 1 improvements if the Los Angeles City Council approves the plan.