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Market Extra: Washington social-spending bill snubs municipal bonds. Will the market care?

Market Extra: Washington social-spending bill snubs municipal bonds. Will the market care?

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Provisions that would have benefited the state and local governments that issue municipal bonds have been axed from the $1.75-trillion social spending bill now being debated by Congress, a step some public finance experts say won’t help communities struggling to recover from the COVID pandemic, but one that’s unlikely to move the needle on an already overheated muni bond market.

...read full article on Market Watch

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