Build America bonds may push cities to bankruptcy

By: Joe Mysak June 11, 2010

The bonds designed by the U.S. government to help municipalities recover from the worst recession since the Great Depression may cost them millions of dollars in unforeseen borrowing costs instead of saving them money. Build America Bonds were part of the American Recovery and Reinvestment Act, passed in 2009. The government offered state and local issuers ...

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Build America bonds may push cities to bankruptcy

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