While President-Elect Barack Obama has directed his economic recovery team to develop a plan to invest in infrastructure nationwide, create millions of jobs, modernize schools, and make buildings more energy-efficient, both the details of the plan and the extent to which municipal bonds may play a role are unclear.

Obama announced the plan Saturday during a radio address on the economy from Chicago. He said he plans to further detail this initiative in the coming weeks, and hopes to work with Congress to pass it - likely as part of a comprehensive economic stimulus package - as soon as he takes office in January.

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