Municipal bonds provide financing for hospitals, roads, schools and many other public projects we all know and utilize, yet many investors are unfamiliar with the inner workings of this nearly $4 trillion market. In this podcast, Capital Group portfolio managers Karl Zeile and Chad Rach explain how the U.S. tax-exempt municipal market works and offer their view on how it might be affected by government reform efforts. Listen and learn: How the muni market is facing challenges from tax reform and health care regulation to Puerto Rico’s debt crisis How high-yield municipal bonds differ from their taxable counterparts Why the muni market was so unsettled following the November U.S. elections Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was previously co-host of the public radio program Left, Right & Center. Related: Could Higher Infrastructure Spending Move the Muni Market? Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com.