Build America Bonds Projected to Rise in 2010

A December 1 Bloomberg article projects sales of Build America Bonds to rise to 40 percent of the 2009 monthly average of $6.56 billion.  This would mean increased yearly total sales of $110 billion in 2010.  Build America Bonds, which allow state and local governments to receive 35 percent of their interest from the U.S. Treasury, are a more cost effective way to seek lower total borrowing costs. To read the entire article, please click here.