WASHINGTON -- Tax policy does not operate in a vacuum.

Fortunately for the municipal bond market. Rep. Beryl Anthony, D-Ark., drove that point home to President Bush's three top economic advisers last week and, in the process, appeared to gain an important ally for tax-exempt bonds.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.