KEY POINTS
- The country’s overall infrastructure needs over the next 10 years total nearly $6 trillion, and lawmakers are split on how to pay for it.
- Citigroup’s head of Citi’s municipal bonds strategy, thinks he has the answer: a resurrection of Build America Bonds.
- The bonds allow states and counties, which manage the majority of U.S. infrastructure, to float debt with interest costs subsidized by the federal government.
CNBC
by Thomas Franck
FRI, MAR 26 202