(Bloomberg) -- The tax overhaul may cause a snag fordebt-hungry pension funds.
Now being refined by the House and Senate, the legislation willlikely encourage companies to bring earnings that have been parkedoverseas back to the U.S.
With all that extra cash, firms may borrow less, reducing thesupply of investment-grade bonds by as much as 17 percent nextyear, according to Bank of America Corp. estimates.
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