A report the by the city administrative officer about the city's looming deficit underscores challenges facing Los Angeles Mayor Karen Bass.

The future of key policies and upcoming budget battle tactics are taking shape based on several leadership changes and announcements in recent days.

Brad Briner said the state may need to issue short-term debt in the near future to pay for Hurricane Helene expenses.

Pressing issues include market reactions to a second Trump administration, increased oversight from the Securities and Exchange Commission and more.

Washington D.C. is lobbying Congress for an extra $47 million in expenses for the upcoming inauguration of President Trump while also raising concerns about the effects of debt ceiling squabbles on the city's credit rating.

Wednesday marks the 10-year anniversary of Detroit's exit from bankruptcy. Its Chapter 9 declaration in 2013 was the largest municipal bankruptcy in the U.S.

California's high-speed train has become one of the nation's most politicized infrastructure projects.

Calling it a "tragedy" for residents, without a negotiated setllement resolution could be years away, mediators said.

Political change in Washington and the looming budget battle is raising anxiety in state legislatures.

The rating agency cited an easing of the state's fiscal challenges for lifting the outlook on the state's Aa2 rating to stable from negative.