WASHINGTON -- The municipal bond community lost its chief advocate in Congress yesterday after Rep. Beryl Anthony failed in his bid to win re-election to Arkansas's Fourth Congressional District seat.

Rep Anthony a member of the House Ways and Means Committee, narrowly lost a Democratic primary runoff on Tuesday to Arkansas Secretary of State Bill McCuen. Mr. McCuen has received 44,653 votes, or 51%, to Mr. Anthony's 43,004, or 49%.

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