BAB payments may face higher cuts from sequestration

02/4/2013 | Bond Buyer (free content), The

The "fiscal cliff" deal enacted Jan. 2 may exacerbate cuts to Build America Bonds payments due to sequestration. The Center on Budget and Policy Priorities shifted its estimate on BAB payment cuts from 7.6% to 5.3% after the deal was struck, but that number is an annualized rate. That means "the first year sequester impact will be higher because it's across a shorter time frame," said Matt Fabian of Municipal Market Advisors.

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Bond Buyer (free content), The

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