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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