Muni Think

Rainy day funds are vital to help states maintain fiscal flexibility and limit painful spending cuts or tax increases.

We expect federal money once again to make U.S. cities an example to the world and that public debt will disappear by magic — it won't.

It is time for more creative thinking about finding more solutions to fund improvements for the city instead of political squabbles.

Investors miss opportunities when they fail to evaluate munis against an environmental, social and governance framework.

The minutes reveal a number of pros and cons with the approach. It would be wise to have banks only post T-Bills for excess reserves above $20B.

Since the Tax Cuts and Jobs Act, the trend in total bank holdings and the makeup of the universe of bank participants is starting to evolve.

Negative term spread signals growing investor pessimism regarding the economic outlook and mounting risk of deflation.

The criminal behavior must stop, but the recovery must proceed. Indeed, the recovery could get stronger from this recent purge.

Complaints that the SALT deduction only benefits the wealthy ignore its positive effects on school district finances.

If an issuer represents the validity of its bonds to investors at the time of issuance, it is barred from later denying repayment on a claim of invalidity.