by Jordan Eizenga
Infrastructure projects across the country are not going forward as planned. The culprit is a weak municipal bond market.
Extreme predictions of widespread default, a lack of bond insurance, and tight credit conditions have weakened demand for tax-exempt bonds and increased borrowing costs. This has prompted issuers to put off financing important infrastructure projects and municipal bond issuance is currently at an eleven-year low.
Today, The Center for American Progress’ Doing What Works Project has released a plan
that will help stabilize the muni market, lower borrowing costs for issuers, and provide crucial support to state and local infrastructure projects.
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