Getting Down To Business

摘要

The Obama Administration could spend up to $1 trillion resuscitating the economy. State and local governments will benefit, since much of that will go to infrastructure proj -ects. Localities are also expected to get aid to help close budget deficits. One play: tax-exempt municipal bonds, which typically yield 75% to 90% of taxable Treasury equivalents. But a flight to safety has munis yielding considerably more.