GOP sweep unsettles municipal bond market

The front of Hot Springs City Hall, as seen from Convention Boulevard, is shown in this undated file photo. (Hot Springs Sentinel-Record file photo)
The front of Hot Springs City Hall, as seen from Convention Boulevard, is shown in this undated file photo. (Hot Springs Sentinel-Record file photo)

The city plans to sell more wastewater debt as federal and municipal borrowing costs have risen in anticipation of a Republican sweep of Congress and the White House, the city's financial adviser said last week.

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