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State of the State for Muni Investors

AllianceBernstein's Michael Brooks on state budget gaps, growth concerns, the possibility of default, and the pension problem.

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Miriam Sjoblom: Hi. I'm Miriam Sjoblom, associate director of fund analysis at Morningstar, and I'm here at the Morningstar Investment Conference with the municipal bond manager at AllianceBernstein, Michael Brooks. Thanks for joining us, Michael.

Michael Brooks: My pleasure.

Miriam Sjoblom does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.