Wildfires

Gov. Gavin Newsom's proposed $322.2 billion budget includes a $228.9 billion general fund, $16.9 billion in reserves and no plans to raise taxes.

Early totals on Los Angeles' trio of raging fires appear to vastly surpass devastating blazes experienced by the city over the past decade.

Dan Close, Head of Municipals at Nuveen and Margot Kleinman, Director of Research at the firm, joins The Bond Buyer's Lynne Funk to delve into the high-yield market as the New Year — and new rate environment — kick off.