We have written about Harrisburg PA.s struggle extensively during the past two years. A small city unable to pay off a jumbo-sized debt hasn’t shaken the muni market. Despite eye-catching…
Municipal credit revenue continues to improve. This week it was reported that US state and local government tax revenue rose almost 7% in the second quarter, from a year earlier….
Strike up another body blow against the big three credit ratings agencies. The SEC said the in-house procedures of one of the world’s top three ratings agencies has been leaking…
Obama’s Jobs Bill Will Punish Muni bonds. Municipal bonds have always been synonymous with tax-free income. That would end if President Obama gets his way. The Obama Administration wants to…
“American Idol” is the most watched television show ever. Steven Tyler and the other judges do a fine job rating contestants. But the judging skills of the big 3 credit…
We have fielded many questions in the last few days about what effect the downgrade of the United States debt from AAA to AA+ and the effect on the 11,000…
The MSRB took a defensive posture in the wake of the S&P’s downgrade on the USA by warning dealers that despite the potential market disruption, investor protection rules continue to…
The tax-free municipal bond market looks vastly different as we head toward the end of the second quarter of 2011 than it did when we were in the middle of…
Two well professors are proposing that states and localities create a national nonprofit institution that would provide issuers with independent advice on bond financings, help them disclose standardized information and…
One mans’ garbage is another mans gold. The painful truth is that as muni debt increases, so do the risks that someday it will be politically, economically and financially worthwhile…