JPMorgan Chase's Taormina Discusses Budget Cut, Taxes

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July 30 (Bloomberg) -- Rick Taormina, head of municipal strategies at JPMorgan Chase & Co., talks about the municipal bond market and the impact of budget cuts and tax increases on bondholders. Taormina, speaking with Scarlet Fu on Bloomberg Television's "InBusiness," also discusses the outlook for California's creditworthiness. (Source: Bloomberg)

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