Municipal-bond investors have a new question to ponder amid the turmoil in the $2.6 trillion market: What is taking the U.S. Supreme Court so long
The court heard arguments Nov. 5 on the special tax breaks that 42 states provide to municipal bonds issued within their borders. At the time, many analysts and lawyers predicted a quick decision that would allow in-state exemptions and overturn a Kentucky court ruling that declared them unconstitutional.
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