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Washington - Taxation
Local Officials Talk with Obama; NGA Says States Face Many Risks
by: Jennifer DePaul
Wednesday, December 12, 2012
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Members of the U.S. Conference of Mayors and the National League of Cities participated in a White House sponsored conference call with President Obama earlier Wednesday to talk about the fiscal cliff and impacts any year-end budget deal would have on state and local governments.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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