California

If a recession comes in third quarter, the forecast's economists said it will be mild and brief for both the nation and California.

After big oil hiked gas prices and made record profits, Gov. Newsom convened a special session of the Legislature and called for a price-gouging penalty on oil companies.

The spiderweb of funding sources for natural disaster recovery makes it hard to track the actual costs to state and local government of fighting wildfires.

Total November volume stood at $19.712 billion, the lightest of any month year-to-date, in 527 versus $37.073 billion in 1,055 issues a year earlier, according to Refinitiv data.

The Legislative Analyst's Office forecasts the state could face a $25 billion deficit in fiscal 2023-24.

New Jersey has overtaken Los Angeles as the busiest port in the U.S. The port attributed the decline to labor negotiations and retailers placing holiday orders this summer to avoid the potential for supply chain issues.

Changes to the way people live in California have altered the trajectory of revenues for city coffers, but muni analysts and economists say cities are adapting.

The upgrades follow Fitch's upgrade of Morgan Stanley, the guarantor to the gas supplier in all of the transactions.

Fitch Ratings revised its outlook to stable from negative on BATA's AA-minus subordinate debt, retaining its stable outlook on AA-rated senior debt.

Improvements to the signature-gathering initiative process topped voters wish list for changes, according to the Public Policy Institute of California.

The rating agency zeroed in on a handful of measures in a state where voters considered billions in bond measures.

Municipal bond mutual funds saw more losses on Wednesday with the Investment Company Institute reporting another week of multi-billion-dollar outflows, bringing year-to-date losses to $123.3 billion.

The San Benito Health Care District board declared a fiscal emergency, a first step to declaring Chapter 9 municipal bankruptcy under California law.

Patrick Henning and Juan Fernandez will assume top roles in Fiona Ma's administration, should she be re-elected Tuesday.

Incumbent Fiona Ma, facing Republican Jack Guerrero in her re-election bid, will change up top staff members if she wins as expected.

The rating agency lifted the outlook of the Los Angeles Unified School District, the nation's second largest, to positive.

Schaefer has left his mark on signature bond policies during his more than seven and a half years as California's deputy treasurer for public finance.

Total October volume was $24.951 billion in 510 deals versus $41.811 billion in 1,068 issues a year earlier, according to Refinitiv data.

The non-partisan Public Policy Institute of California released results of an election poll on Thursday.

California has been losing legacy companies, but boosters say it remains an incubator for new technology companies.