WASHINGTON — Municipal market participants applauded President Obama’s jobs bill proposals for increased funding for transportation and aid to state and local governments, but worried about their vagueness and whether they would actually spur job creation.

The proposals are to be included in the American Jobs Act, which is scheduled to be introduced in Congress this week.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.