New York Times »

This article investigates the impact the recent increase in interest rates is having on the lack of money for transportation infrastructure across the country. Municipal bonds which are a crucial source of financing for roads, bridges, and schools have been sent into a downward spiral as they have grown more expensive. As a result, the interest burden of states and localities is likely to grow by many billions, sapping tax dollars that otherwise might have been spent on infrastructure. Goes on to examine several cities and states and how they have been struggling, along with a deeper look at the economics behind the market and why it is hurting as badly as it is.