Moody's Investors Service gave Wenatchee, Wash. one notch upgrades on its general obligation bond ratings that kept the ratings in speculative territory and handed the city a stable outlook with critical comments attached.
Moody's: Wenatchee, Wash., Is Stable But Sketchy
JAN 24, 2013 3:09pm ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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