Editor's Note
National Federal of Municipal Analysts 2012 Annual Conference
W. Bartley Hildreth

The Treasury Department and the Markets
Mary Miller

Municipal Industry Roundtable:
Challenges to the Tax-Exempt Status of Municipal Bonds
Greg Aikman, Cadmus Hicks, Kristin Franceschi, Lynnette Kelly, Alan Polsky, and Ben Watkins

Aging and its Impact on Municipal Credit
Stephen Stowe, Tom Gillaspy, Mehmet Tosun, and Susan Rhodes

How Global Fiscal/Monetary Policies and Sovereign Credit Affect the U.S. Municipal Market
David Litvack, Robert T. McGee, and Robert Grossman

Transportation Infrastructure:
Funding Needed Projects in an Era of Restricted Resources
Mark Ryan, Richard G. Little, and James M. Bass