California Governor Jerry Brown sued State Street Corp. in 2009, when he was attorney general, for “unconscionable fraud” against pension funds over foreign- exchange pricing. That didn’t stop the largest of the funds from striking a new three-year deal with the firm.
California Governor Jerry Brown said he needs more time to reach a compromise with Republican lawmakers over his plan to erase a resurgent $25.4 billion deficit, and asked legislators to delay plans for a vote.
Last month, the City Council of Culver City, California, gathered steps from where “The Wizard of Oz,” “Gone With the Wind” and other Hollywood classics were filmed, to declare a state of fiscal emergency and ask voters to raise the sales tax by half a cent for 10 years.
Plans for bullet trains to crisscross California at 220 miles per hour (354 kilometers per hour) face new questions after the chief executive officer and board chairman of the project both said they would leave their positions.
Committees in California ’s Democrat- controlled Legislature passed spending plans including $8.1 billion of higher taxes opposed by Republicans, setting up a budget showdown as a constitutional deadline approaches.
Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.
Senate Majority Leader Harry Reid hitched a ride to the West Coast on a private jet owned by Senator Dianne Feinstein ’s husband after the Senate passed a version of health-care legislation last Christmas Eve, according to Reid’s financial disclosure form.
Governor Jerry Brown and Democrats who run the California Legislature won’t reach an agreement over his plan to curb public-employee pension costs before lawmakers break for vacation, according to a Brown spokesman.