What the Stalled Infrastructure Bill Means for Munis

The video discusses the Build Back Better plan and its implications for state and local governments, focusing on the infrastructure bill's impact. It highlights the challenges of maintaining infrastructure and the hidden liabilities states face. The discussion also covers economic growth projections and their effects on credit quality, emphasizing the importance of federal aid like the American Rescue Plan.

Discuss the impact of the American Rescue Plan Act on state and local governments.

What economic projections were mentioned, and how might they affect credit quality for states?