Munis gain as stocks sell off
In a risky world, we’re seeing a flight to quality that’s benefiting muniland. From the Los Angeles Times Blogs:
Connecticut issues layoff notices
The governors are getting it done. And it’s painful.
From the Wall Street Journal:
After months of closed-door talks with state employee unions, Connecticut Gov. Dannel Malloy announced that no deal could be reached to garner $1 billion annual concessions needed to close a $3.5 billion budget gap.