Editor's Note
National Federation of Municipal Analysts 2015 Annual Conference*
W. Bartley Hildreth

*Federal Reserve Policy:
Projections and Impact on the Municipal Bond Market
Nick Sourbis, Roberto Perli, Thomas McLoughlin, and Jeffrey Burger

*The Affordable Care Act:
Credit Implications for U.S. Hospitals
Jim Gilliland, Anu R. Singh, Lisa Zuckerman, and Chris McLean

States of Insolvency:
What Happens When (If) a State Runs Out of Money? The Legal and Economic Issues Surrounding State Fiscal Imbalances
Joseph V. Kennedy