California

Total May volume was $31.167 billion in 750 deals versus $35.358 billion in 1,295 issues a year earlier. In a continuing trend, new-money issuance was up 14.2% in May year-over-year.

The boutique consultancy firm, which focuses largely on transportation infrastructure, is growing "modestly" amid an uptick in federal funding.

The mayor has not been formally charged, but has been named in an investigation alleging corruption around the proposed sale of Angel Stadium.

Elected officials in Republican-dominated states say S&P Global Ratings, by introducing ESG analysis, is politicizing the ratings process or even possibly acting illegally.

The Port of Oakland cited supply disruptions in China for an April traffic decline, though Long Beach and Los Angeles posted gains.

The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.

The sector is a target-rich environment due to the large amount of sensitive data that healthcare entities maintain for patient care and operations.

Coordinated national efforts to share firefighters and other resources could be stretched thin this year as drought hammers the West.

California has received the most, at $9.7 billion, followed by New York. Transportation is the top spending category nationally followed by climate, energy and environment.

The airport was heavily exposed to the now-defunct JetBlue airline, but Southwest has filled the gap.

Gov. Newsom doubled down on an $11.5 billion gas rebate plan opposed by fellow Democrats in his May budget revision.

Gov. Gavin Newsom's focus on voluntary water conservation has not brought much in the way of water conservation — consumption grew 19% year-over-year.

Referring to the $105 billion California high-speed rail plan, transportation Secretary Pete Buttigieg said the administration continues “to want that project, as we want any project, to succeed.”

China accounts for more than half of the port's two-way container trade.

A national high-speed rail coalition penned a letter to the state's Democratic leaders saying allocating bond funds for the state's high-speed rail project would encourage federal support.

A spending limit formula voters set in 1979, combined with surpluses in the tens of billions of dollars, put California lawmakers in a quandary.

The infrastructure package features $5.4 billion to fight wildfires. Issuers like California's Yuba Water Agency say the money is a game changer. 

Total April volume was $34.329 billion in 729 deals versus $37.105 billion in 1,124 issues a year earlier.

If state and local governments make progress on social problems with federal relief funds, it could be credit positive for them, Moody’s Investors Service said.

In the week ending April 13, investors pulled $5.526 billion from the funds, down from $7.227 billion of outflows in the previous week, ICI reported.