Washington - Budget & Finance
Baltimore on a Path to Fiscal Disaster
Wednesday, February 6, 2013
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A ten-year forecast commissioned by the mayor and released Wednesday reveals that Baltimore could be on a path to bankruptcy without "serious fiscal reforms."

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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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