"Those in munis as part of the portfolio for retirement have been hearing some ominous rumblings the past few weeks and months re city/state finance difficulties due to lower revenue and the current market meltdowns possibly affecting them.At this point, I'm not sure how much is rumor and how much is early warning. "^^^^^^^^^^^^^^^^^^^^Folks can check what happened when some localities went bankrupt -Orange County in California is one place that comes to mind - but I don't recall what happened to their bonds.
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