Muni Think

The lights may be on in California but the state is about to be zapped again by the fallout from its deregulation-induced energy crisis: the worst budget crisis since the recession-wracked days of the early 1990s.

WASHINGTON - For anyone in the municipal market, legislative developments over the last few weeks must have seemed like a scene from Macbeth. If you closed your eyes you could almost hear the immortal lines:

WASHINGTON - The presidential election has spared the municipal bond market from further curbs - at least for this year.