Market Extra: Washington social-spending bill snubs municipal bonds. Will the market care?

Provisions friendly to the municipal-bond market have been stripped from the Build Back Better legislation, a move that may add strain to state and local budgets, but is unlikely to dent an already frothy market.

Provisions friendly to the municipal-bond market have been stripped from the Build Back Better legislation, a move that may add strain to state and local budgets, but is unlikely to dent an already frothy market.