Today's News
THE ORANGE COUNTY BOARD OF SUPERVISORS bears the lion's share of the blame for the county's bankruptcy crisis last year, according to a report released by the Orange County grand jury. Page 2
THE REGIONAL TRANSPORTATION DISTRICT in Denver missed its Friday deadline to seek voter approval in November of $150 million in bonds. Page 3
THE HORRY COUNTY, S.C., SCHOOL DISTRICT will put out $38 million of general obligation bonds on Thursday to kick off a $98 million construction program. Page 5
LOEWS/CNA HOLDINGS laid off vice president and senior municipal credit analyst Frank A. Trumbour on Thursday, Loews/CNA president Phil Scott confirmed Friday. Page 3
LEE COUNTY, N.M., and the city of Hobbs passed a resolution to work together to finance their part of a planned $140 million New Mexico prison project. Page 5
Washington
WHAT REP. JACK FIELDS, R-Tex., thinks is good for the nation may collide with what legislators in his home state have done to protect municipalities from making bad derivatives investments. Page 10
Investors & Investing
MONEY MARKET FUND MANAGERS are extending their portfolio maturities to "lock in" interest rates ahead of an expected easing by the Federal Reserve Board this fall, according to three portfolio managers. Page 7
Public Funds Management
MARKET PARTICIPANTS are questioning Pennsylvania Treasurer Catherine Baker Knoll's failure to report to shareholders the recent departure and replacement of her short-term investment pools' portfolio manager. Page 23
Northeast
IN A RECENT VISIT last week to the Standard & Poor's Corp. headquarters in New York City, New Jersey Gov. Christine Todd Whitman took a look at her state's fiscal future and said she foresees no budgetary surprises down the road. Page 8
DESPITE THIN SUPPLY, municipal market participants in the Northeast are feeling upbeat about market strength, and they'll take a close look at the U.S. Treasury market this week for direction. Page 8
Listings
New on Calendar Page 12
Opinion Pages 24-25
Executive Placement Page 13
Market Statistics Pages 28-3
