December 15: Muniland Snaps
Time’s Up: Federal Provisions Set to Expire in January 2012. Chart source: Pew Charitable Trusts
WLWT.com: U.S. Postal Service delays closure of processing centers until May
AP: Congress could end up reducing jobless benefits
LA Times: University of California administrators are contrite after pepper spray incident but predict more protests to come
SacBee: Study on California public pension boosts shortfall estimate 17% in one year
Bloomberg: More reports about fracking and earthquakes, this time in Ohio
BBC: Poor Jefferson County residents resort to Porta-A-Potties after sewer rates quadruple
WSJ: Strong demand allows Detroit to bring 30-year sewer bonds at 2.46% above comparable Treasuries
Bloomberg: Rising sales and gas tax revenues pump Texas state budget
Patriot News: Harrisburg’s receiver creates a little heat for the city’s bondholders
@damianpaletta Damian Paletta Federal agencies preparing, again, for possible government shutdown. They must have this down to a science by now.
MarkMelin Mark H. Melin Look at how financial engineering behind gov debt has been generally out of the public view. Undisclosed leverage in action.
MillerTabak Michael Pietronico one municipal bond dealer estimates that there will be 23 billion in tax-free cash available to be redeployed into the market in January