City of Los Angeles, CA

A fire underneath an elevated section of Interstate 10 closed a key piece of infrastructure in Los Angeles, California.

Fitch Ratings replaced its negative watch with the negative outlook, citing the lack of clarity around contractor claims of cost overruns.

When Los Angeles World Airports CEO Justin Erbacci steps down next month, Beatrice Hsu will step up as interim CEO.

The revenue bonds were issued through the California Municipal Finance Authority on behalf of LAX Integrated Express Solutions, the P3 project developer.

The controversial idea has taken on more urgency as transit agencies nationally struggle with low ridership.

The proposed budget would add 400 more police officers and spend $1.3 billion on programs to ease homelessness.

Bass signed the declaration Monday as her first act as mayor.

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.

Though the 2028 Olympics in Los Angeles may still seem far off, city leaders in the region are finalizing plans set in place when the city was first selected to host the Games.

Several large new issues priced. Municipal yields were little changed, U.S. Treasuries were weaker on the short end and stocks ended in the red ahead of the much-anticipated July inflation figure.

Investors will be greeted Monday with an increase in supply with the new-issue calendar estimated at $5.941 billion, up from total sales of $1.700 billion.

Refinitiv Lipper reported smaller outflows at $1.6 billion, down from the $5.6 billion the week prior. It brings the total outflows to $45.7 billion year-to-date.

Investors will be greeted Monday about $6.4 billion of new issuance led by triple-A Georgia general obligation bonds and Los Angeles notes.

Mayor Eric Garcetti emphasized the city’s robust reserves and plans to issue housing bonds to aid efforts to alleviate homelessness.

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

The city is pricing $168 million of subordinate wastewater revenue bonds on Tuesday. The system's main plant spilled raw sewage into Santa Monica Bay last year.

The market is being driven by the prospect of higher long-term inflation and the potential that the Federal Reserve may have to raise rates further than expected.

DASNY leads the calendar with $2.3 billion of exempt personal income tax bonds and $662.32 million of taxables. Potential volume is slated to be $5.11 billion, with $4.392 billion of negotiated deals and $718.1 million of competitive loans.

The new-issue calendar is $5.45 billion while 30-day visible supply sits at $11.14 billion. The largest deal of the week comes from the New York City Municipal Water Finance Authority with $793.83 million.

A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.