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WASHINGTON Capping the tax exemption for municipal bonds over a nine-year period would have cost state and local governments roughly $175 billion in additional borrowing costs, while a full repeal would have cost them nearly $500 billion more, state and local officials warned Tuesday. more »
President-elect Donald Trumps ambitious infrastructure plan and proposed widespread tax cuts will require issuers to adjust to a changing economic climate to maintain credit stability, S&P Global Ratings said Monday. more »
Here are some of the key "known unknowns" factors that are likely to affect valuations and creditworthiness and functioning in the state and local finance sector as the Trump Administration and Congress sort them out.