WILLIAMSBURG, Va. — One of the Obama administration’s priorities is to get Congress to extend the Build America Bond program and federal officials are convinced BABs will remain a “vibrant market” even if the federal subsidy rate is reduced from its current 35% level, a Treasury Department official said ­Monday.

Speaking at the National Association of State Treasurers’ annual conference here, Alan Krueger, assistant Treasury secretary for economic policy, said the administration “is committed to seeking a long-term extension” of the BAB program, which is set to expire at the end of the year.

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