WASHINGTON -- Several organizations representing state and local governments are pushing the White House not to seriously consider a proposal for subsidizing taxable bond issues.

Lobbyists for the organizations yesterday said the so-called taxable bond option is being explored by Clinton Administration officials as they develop a legislative package for financing infrastructure improvements. In May, President Clinton said he would offer such a package to Congress early next year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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