Standard & Poor’s

California State Capitol in Sacramento (Justin Sullivan/Getty Images)

S&P Worried About California Lawmaker Gimmicks To Pass Budget

A credit rating agency is warning that California could return to budget gimmicks this summer, in part because a court has removed an incentive for lawmakers to pass a budget that is truly balanced.

2012/05/01

home sale, mortgage, foreclosed, foreclosure, real estate, house

San Francisco Home Prices Drop 2.5 Percent In January

Prices in San Francisco dropped 2.5 percent from December to January, the sharpest decline of any of the 20 cities tracked in the report.

2012/03/27

S&P Improves California Bond Outlook To Positive

Although California still faces a $9.2 billion deficit, the credit rating agency said the state has corrected a significant portion of its budget imbalance.

2012/02/14

People walk past the New York Stock Exchange during afternoon trading on August 4, 2011 in New York City. The Dow dropped more than 300 points on fears of a deepening European debt crisis and possible double-dip recession in the United States. (Mario Tama/Getty Images)

Treasurer: Downgrade Expected To Have Little Effect On Calif.

State Treasurer Bill Lockyer on Monday said there’s no reason the ratings downgrade of the federal government will have an immediate effect on California but cautioned the state is still on the mend.

KPIX 5–2011/08/08

Listen Live!