Bill Lockyer

State Treasurer Bill Lockyer warned today that state leaders' failure to reach a budget deal has put California at risk of a credit downgrade that would cut off access to funds needed for building schools, roads and other public works projects. "With...

Gov. Arnold Schwarzenegger and legislative leaders announced Monday that they had reached a deal to close California's $26.3-billion deficit and begin paying all of the state's bills again, potentially ending months of partisan wrangling and a cash crisis...

The municipal bond market’s message to California: Enough with the borrowing already! Over the last seven weeks the state has sold more than $21 billion of short- and long-term debt for budget-related reasons and to finance voter-approved infrastructure...

The huge California tax-free municipal bond market has a lot riding on proposed tax changes in President Obama’s budget. The administration’s call to restore higher tax brackets for the nation’s top income-earners, by allowing President George W....

Sales intermediaries who open doors at public pension funds for outside investment managers would have to register as government lobbyists under a bill introduced by Assemblyman Ed Hernandez (D-West Covina). The proposal is supported by the California...

Once again, California looks like a trendsetter. The speculation in Europe on Tuesday was that the European Union, led by Germany, soon will offer to guarantee Greece’s government debt to allay investors’ concerns that the cash-strapped country...

With investors’ appetite for municipal bonds ravenous again, California plans to dive into the market in March to borrow as much as $4 billion to fund infrastructure projects. Treasurer Bill Lockyer is betting that changes the Legislature is expected...

California Treasurer Bill Lockyer’s plan to sell up to $2 billion of tax-free municipal bonds next week has been postponed by the Assembly’s delay in passing a budget-related bill. The legislation, which passed the Senate on Monday, would give state.....

California, still the state with the weakest credit rating in the Union, is hoping individual investors will see opportunity in trouble as Treasurer Bill Lockyer tries to sell $2 billion in tax-free general obligation bonds this week. As he has......

Yield-hungry individual investors have snapped up nearly two-thirds of California’s $2-billion tax-free bond offering, which the state launched on Tuesday. As of 10 a.m. Wednesday, the state had orders for $1.29 billion of the general-obligation bonds,...

Robust investor demand allowed California to increase the size of a bond offering to $2.5 billion from $2 billion in a deal that wrapped up Thursday. The tax-free general-obligation bonds, which will fund voter-approved infrastructure projects,...

California plans to proceed this week with a sale of federally subsidized bonds to finance infrastructure projects, despite fears raised about the Internal Revenue Service's ability to claw back subsidy payments. Treasurer Bill Lockyer hopes to sell $1....