WASHINGTON - President Bush has signed into law a bill that could weaken demand for tax-exempt bonds by easing rules that have prompted nuclear decommissioning trust funds to invest heavily in municipals over the last several years.
Bush's action came on Saturday. at the same time that the White House received the urban aid tax bill. By late yesterday the President had not acted on the tax bill, though administration officials have said he will veto it. Bush has until Nov. 5 to make a decision on that measure.