George Friedlander

The policy case for federal support is strong: in the coronavirus era, the U.S. is looking at an emergency that is the equivalent of 50 states worth of hurricanes, fires and floods, lasting more than two years, with a very slow economic rebound.

There is a considerable amount of concern regarding the outlook for the overall economy.

Congress’ capacity and willingness to spend anything significant on infrastructure is severely hampered by the already-massive size of the federal debt.

Factually flawed methodology utilized by the Joint Committee on Taxation poses a key challenge as the municipal market seeks to maintain full access to the tax exemption.

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.