This week saw more of news about the US government’s Battle with the deficit. This may be a good time to adjust your asset allocation. The Week’s municipal bond news included:
- Federal judge clears Vallejo’s path to emerge from bankruptcy – Vallejo Times Herald. Vallejo California is finally coming out of bankruptcy. The end result was that the lawyers made a ton of money, retirees benefits were reduced,bank interest payments were cut, and costs were contained.