House Ways and Means Select Revenue Measures Subcommittee Chairman Richard E. Neal, D-Mass., said Congress might need to extend portions of the economic stimulus that deal with the municipal-bond market. Ongoing uncertainty in the economy might mean cities and states need more time to take advantage of the elements. "If cities and towns don't know what their financial picture is going to look like in a year, they're certainly going to have to factor in their financial situations before they take on any new borrowing," Neal said.

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