S&P Global Ratings has dinged L.A.’s bond ratings as the city wrestles with a nearly $1 billion budget shortfall.

The nation’s most populous county was already juggling legal liabilities, wildfire costs and threats to federal funding. Now ...

In the latest installment of the Capitol's "tort wars," a new proposal that would've enabled higher payouts for tax disputes ...

Los Angeles Mayor Karen Bass praised her city as she delivered her State of the City address on April 21, providing a message ...

Among the proposed layoffs are 403 civilian staff at the LAPD, 262 transportation employees, 130 street services workers, 114 ...

The bond rating downgrades came days after Mayor Karen Bass outlined the city’s stark economic situation in her proposed ...

The Los Angeles City Council Budget and Finance Committee will convene in a special meeting Friday, beginning a series of ...

Mayor Karen Bass’ proposed spending plan aimed at closing a $1 billion budget deficit and addressing other financial ...

Karen Bass is hoping the state will step in to provide a financial lifeline for L.A. as the city faces a major budget deficit and possible layoffs.

Mayor Karen Bass returned to Sacramento Wednesday to lobby state leaders for money to help close the city’s nearly $1 billion budget hole.

The city is facing fiscal concerns due a 35% reduction in tax revenue, overspending, an increase in liability payouts, and ...