A Municipal Debt Boom Is Driving Public Projects and Tax Breaks for Investors

Borrowing in the municipal bond market surpassed $500 billion last year, breaking the $498 billion record set in 2024. The “muni market” is now worth well over $4 trillion, roughly equivalent to the market capitalization of Nvidia, the chip maker that has soared on the artificial intelligence boom, driving stocks to record highs.
Read more: NYT Business