The Stimulus Package: How to play it

The Obama Administration could spend up to $1 trillion resuscitating the economy. State and local governments will benefit, since much of that will go to infrastructure projects.



Localities are also expected to get aid to help close budget defi cits. One play: tax-exempt municipal bonds, which typically yield 75% to 90% of taxable Treasury equivalents. But a flight to safety has munis yielding considerably more.


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