Treasury official calls concern about BAB subsidies "overblown"

08/23/2010 | Bloomberg

Alan Krueger, assistant secretary for economic policy at the Treasury Department, told the National Association of State Treasurers that Build America Bonds subsidies have been withheld in seven of 278 instances sought by states. Krueger was trying to ease concern about the reliability of the BAB payments. He also addressed other worries about the program, which he called "a great success."

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