Debt and bond markets

FILE - In this Feb. 26, 2015 file photo, a full-scale mock-up of a high-speed train is displayed at the Capitol in Sacramento, Calif. After years of prep work, Gov. Jerry Brown's finance department decided Friday, March 3, 2017, that California's $64 billion high-speed rail project is ready to lay some track. The administration approved the rail authority's request to spend $2.6 billion on work in the Central Valley. The decision lets the authority ask the state treasurer's office to sell a portion of the nearly $10 billion in bonds voters approved in 2008 for a bullet train. (AP Photo/Rich Pedroncelli, File)
March 03, 2017 - 11:00 pm
SACRAMENTO, Calif. (AP) — After years of prep work, Gov. Jerry Brown's finance department decided Friday that California's $64 billion high-speed rail project is ready to lay some track. The administration approved the rail authority's request to spend $2.6 billion on work in the Central Valley...
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