Municipal Bonds

What American cities risk going under?

Some very large cities run very high budget deficits, meaning they spend more than they receive in taxes. Some of those cities are San Diego, California; Norfolk, Virginia; San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Reno, Nevada; Chicago, Illinois; Baltimore, Maryland; Yonkers, New York; Honolulu, Hawaii; New York, New York; San Francisco, California; Los Angeles, California; Detroit, Michigan; and Harrisburg, Pennsylvania. Detroit recently filed for bankruptcy protection, and is litigating how much, if any, it will be required to repay bondholders who invested in its municipal bonds.


This is a web preview of the "The Handy Investing Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App