All Eyes on Washington, but Many Critical Issues Move Forward at the State Level

While we wait for additional clarity out of Washington, including the ultimate outcome of the health care bill, states have been taking action and pursing proposals that may have significant downstream credit impacts on local governments. In this commentary, Bryan Laing CFA, Vice President and member of the Fixed Income Credit Research team, looks at the intersection between federal policy and state action on tax policy, infrastructure, and pension plans and the potential repercussions for local government credit.

Please click here to read the commentary.