(credit: CBS)

Bullet Train Project In Danger After Judge Blocks Sale Of Bonds

A Sacramento County Superior Court judge is blocking the sale of bonds to build California’s bullet train and has rejected the state’s funding plan, jeopardizing the future of the project.


(credit: CBS)

Reduced Price Tag May Revive Plans For Calif. High-Speed Rail

Officials with the state board overseeing the project said they have managed to trim $30 billion off of the estimated $98 billion price tag.

CBS Los Angeles–04/02/2012

(credit: AP/FILE)

IRS Launches Probe Of Vernon $419M Bond Offering

The city of Vernon faces an audit by the Internal Revenue Service over $419 million in bonds that may have violated tax laws, it was reported Monday.


Financial Cash Illegal pension

LA County Left ‘Holding The Bag’ For $1B In Vernon Bonds?

An effort by state lawmakers to dissolve the cash-strapped city could have a big financial impact on L.A. County.

KNX 1070 NEWSRADIO–08/26/2011


City Releases Tentative Funding Agreement On LA Stadium

Nearly three-quarters of funding to relocate a convention center hall to accommodate a downtown Los Angeles NFL stadium would come from guaranteed payments to the city by developer AEG under a tentative plan released for comment.


(credit: STAN HONDA/AFP/Getty Images)

Stocks, Bond Yields Sink Following Gloomy Economic Reports

Stocks are mostly lower and bond yields are at a new low for the year after two reports dimmed hopes for the job market and the U.S. economy.


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Calif. To Get Another $902M For High-Speed Rail System

Federal lawmakers say the state of California is getting another $902 million in federal funding to advance the design and construction of a high-speed rail system initially running from San Francisco to Los Angeles.