Bill Lockyer

With a day to go until a cash crisis would force the state to stop paying its bills, lawmakers and Gov. Arnold Schwarzenegger worked into the night Tuesday but failed to reach a budget agreement. The state Senate, in late session, voted several times...

SACRAMENTO - A Democratic plan to begin closing California's $24 billion budget deficit failed Wednesday, as legislative leaders said they will have lawmakers work through the weekend in an attempt to avoid a cash crisis by next week, the start of the new...

Call it the Dance of Death, the Kabuki or the Summer Follies -- the performance they're about to give in California's Capitol is a necessary ritual. But it shouldn't be taken very seriously by the outside world. Both houses of the Legislature intend to...

Claude Parrish likes to say he's been named treasurer of just about everything he's been involved in, from the Echo Park Coin Club to the Republican Party of Los Angeles County. But the 59-year-old Parrish, a member of the powerful if obscure state Board...

Besides understanding his own state’s finances, New York Gov. David Paterson apparently has an excellent grasp of California’s fiscal situation. So much so, in fact, that Paterson feels confident speculating publicly about the probability of...

Program-management fees for California’s 529 college savings plan, ScholarShare, have been reduced by up to 50%, State Treasurer Bill Lockyer announced today. The national program differs from state to state. In California, participants can set aside...

More info for investors who want a piece of the $8.8 billion in short-term notes California will try to sell next week: The maturity date for the debt will be June 23, Treasurer Bill Lockyer???s office said Tuesday. Lockyer now......

Credit-rating firms Moody???s Investors Service and Standard & Poor???s today gave California high ratings on the $8.8 billion of short-term notes Treasurer Bill Lockyer plans to sell next week. Moody???s was the most generous, grading the debt "MIG 1,"...

Strong demand for California municipal bonds in the last few weeks, amid a dearth of supply, has produced a mini-windfall for muni investors to end the summer. The rally in state and local California muni issues also is a good......

California Controller John Chiang issued the state???s last IOU on Thursday, one day before Treasurer Bill Lockyer was scheduled to begin redeeming the scrip. Chiang also reported that the interest the state owes on the IOUs comes to $9.68 million.......

Investor demand is so strong for California???s sale of short-term debt next week that the state may pay as little as 1.25% on one chunk of the securities. JPMorgan Chase & Co., which is managing the sale of $8.8 billion......

Yield-hungry individual investors are lining up, as expected, for California???s sale of $8.8 billion in short-term debt this week. The state already has orders for nearly 60% of the total dollar volume of securities it plans to sell, according to......