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The negative rating outlook comes less than a week after Gov. Gavin Newsom announced a budget shortfall of $31.5 billion.
May 18 -
Amid rising construction costs and supply chain shortfalls, some California school bond projects are being redesigned, accelerated or delayed.
May 18 -
The investor-driven committee created guidelines to help small- and medium-sized issuers provide more uniform disclosure.
May 16 -
Attorneys general from 16 states filed an amicus brief supporting Oakland and San Francisco's climate change lawsuit against oil companies.
May 15 -
The governor outlined what he called a balanced budget, though the revenue shortfall has grown by $9.3 billion to $31.5 billion since January.
May 12 -
Lawmakers passed a stopgap $150 million loan fund for hospitals in fiscal distress, and will discuss longer-term solutions as the session progresses.
May 11 -
Providing enough housing for middle class and homeless people has topped legislative agendas in three West Coast states and Hawaii this session.
May 4 -
"We need to have the debt ceiling raised quickly with close to $30 trillion in debt at risk," said Steve Mnuchin, the former treasury secretary.
May 3 -
A draft environmental report released by a federal agency could threaten California and Arizona's water supply, if the states don't reach an agreement on their own to protect the Colorado River.
May 1 -
It's one of four state cases accusing Wall Street banks of a "robo-resetting" scheme that kept interest on variable-rate debt artificially high.
April 28