March 22, 2012
Two new studies of fiscal discipline and transparency have found that state government in the U.S. is actually working. But what does that mean for muni bonds?
By Craig Mellow
If there is one thing most Americans can agree on, it is that the quality of their government is bad and getting worse except maybe it isnt, at least at the state level. Statehouses have acted decisively on budgetary discipline while Washington dithers, shrinking aggregate deficits from $191 billion in the 2010 fiscal year to a projected $47 billion for FY 2013, according to the Center for Budget and Policy Priorities.
Start your subscription today for unrestricted access.
Subscribe
Register today for a free2-week trial.
Free Trial
Remember me
Forgot Password
All-Asia Research Team For a third year running, money managers say the researchers at BofA Merrill provide ...
All-Asia Sales Team "Very good stock calls" is the reason why a Hong Kong–based client insists that ...
All-Asia Trading Team UBS "has the most experienced sales traders, and their technology is second to none," ...
Asia's Top Corporate Access Providers Participants in the All-Asia Research Team survey tell us which sell-side firms provide the ...