Texas's ban on financial firms that "boycott" fossil fuel has led to higher borrowing costs for the state, with interest rates higher than those of California. Bloomberg News Editor-in-Chief Emeritus Matt Winkler talks about how one Texas town is paying unprecedented costs.

<p>Texas's ban on financial firms that "boycott" fossil fuel has led to higher borrowing costs for the state, with interest rates higher than those of California. Bloomberg News Editor-in-Chief Emeritus Matt Winkler talks about how one Texas town is paying unprecedented costs.</p>

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<p>Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;</p>

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Bloomberg Businessweek

Texas Is the Tip of a Melting Muni Iceberg: How a 'Boycott' Led to Higher Costs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c115c8d0-9cf1-4685-8c64-b4ac016cff58/transcript