Financial Regulatory Forum

ANALYSIS-Build America Bonds bring “a game-changing moment”

February 3, 2010

By Lisa Lambert and Karen Pierog

WASHINGTON/CHICAGO, Feb 3 (Reuters) – The budget President Barack Obama proposed on Monday may revolutionize the $2.7 trillion U.S. municipal bond market by expanding a taxable bond program and changing how many states and cities finance daily operations and big projects.

Build America Bonds expansion needed-Geithner

February 2, 2010

WASHINGTON, Feb 2 (Reuters) – U.S. Treasury Secretary Timothy Geithner told a Senate panel on Tuesday that expanding the popular stimulus program known as “Build America Bonds” would help state and local governments at no cost to the federal government.