Interesting map from the Tax Foundation on state income tax brackets.

Good Links

Hamilton Place: A Storify of Ben Bernanke’s testimony yesterday

Davis Polk: Dodd-Frank Two-Year Anniversary Progress Report

State Budget Crisis Task Force: Report on the state budget crisis

Bond Buyer: MSRB’s Polsky, but no SEC official, to testify at House panel muni hearing

Bloomberg: Detroit’s core thrives as criminals prey on neighborhoods away from downtown

Reuters: Officials say City of Compton may declare bankruptcy by September

@Twitter Talk

The fiscal crisis for states will persist after the economy rebounds, a sobering new report says. Our story: nyti.ms/MgDZr2 — Michael Cooper (@coopnytimes) July 17, 2012

On first glance, Volcker / Ravitch report on state finances looks like a great diagnosis / explanation of the problem.

— Mike Stanton (@MikeStanton1891) July 17, 2012

Markets are perfect, except when markets let broke states borrow at low rates, says market man bloomberg.com/news/2012-07-1… — mark bergen (@mhbergen) July 17, 2012

“A 1 percentage point increase in the unemployment rate increased the disability claims application rate more than 10 percent” — Ben Domenech (@bdomenech) July 17, 2012

New NCPA report: only 11% of America’s highway bridges were considered structurally deficient last year, down from 24% in 1990

— Jen DePaul (@BondBuyerJen) July 18, 2012