January 2006
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p7
Trade Publication
This article presents information about new developments related to the field of public finance in the U.S. According to a UBS Financial Services report, the rapid growth of pension and other post-employment benefit costs are likely to reduce any positive effects municipalities would have got on their credit ratings from widening tax revenue and decreasing budget deficits. Another report reveals that the actions taken by the U.S. Congress to secure U.S.-Mexico border may affect the economic vitality of 48 American counties and six Mexican states that sit along the border. A recent report from Lehman Brothers shows that improved financial outlooks for American Airlines, Continental Airlines Inc., and US Airways Inc. helped in increasing total returns for municipal bonds issued by the carriers in the fourth quarter of the year 2005.


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