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California’s Governor Race Has Bond Investors Worried

California’s Governor Race Has Bond Investors Worried

Saying goodbye to Jerry Brown is tough for the bond market. A progressive with a frugal bent, the Democratic governor won fans on Wall Street. As analyst Ben Woo put it, “He is the one who saved
California Governor Candidates Dodge Pension Cuts That Brown Foresees

California Governor Candidates Dodge Pension Cuts That Brown Foresees

California Governor Jerry Brown said his successor likely would be able to cut public pension benefits when state finances sour. The fellow Democrats vying for his seat this year aren’t eager to wield