U.S. States and Cities Seek Voter Approval for $84 Billion in Municipal Bonds

This segment examines why state and local governments across the United States are asking voters to approve at least $84 billion in municipal bond sales in a single election cycle, placing that figure in context against recent years. Bloomberg's Aashna Shah discusses the forces driving the borrowing—aging infrastructure, rising construction and labor costs, and the prospect of reduced federal funding—and highlights how pandemic-era delays have pushed project costs sharply higher.