Build America Bonds

'NO MORE DEBT': Municipal Bond Issuance Down By Half This Year

HuffingtonPost.com | William Alden | Posted 08.03.2011

Read More: Meredith Whitney, Infrastructure, Municipal Bonds, California, Build America Bonds, Economic Crisis, Business News, Illinois, Municipal Debt, Municipal-Debt-Crisis, Business News

NEW YORK -- As cities and states struggle with historic budget shortfalls, governments have put one item squarely in the cross-hairs: their debt. R...

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State Budget Woes Unlikely To Be Fixed In Washington

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Layoffs, State Budgets, Municipal Bonds, Build America Bonds, States, State Budget Crisis, Economic Crisis, Business News, Public Workers, Municipal Debt, Business News

Even as widening state budget deficits are becoming a potential stumbling block for economic recovery, Federal assistance seems unlikely. With Washin...

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Weekly Audit: We Welcome Our New Plutocratic Overlords

The Media Consortium | Posted 05.25.2011

Read More: Kari Lydersen, Gop, Recovery, Congress, Jobs, The Nation, Republican, Grittv, Unemployment, Public Sector, Private, Mother Jones, Chrystia Freeland, Elite, Tim Fernholtz, Bond, Andy Kroll, Class, American Prospect, Darrell Issa, Pension, Build America Bonds, Wages, Retirement, Public, Recession, Laura Flanders, Devin Nunes, Working in These Times, Paul Ryan, Atlantic Monthly, Class Warfare, Eric Alterman, Inequality, Politics News

By Lindsay Beyerstein, Media Consortium blogger Meet the new global elite. They're pretty much the same as the old global elite, only richer and more ...

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Pelosi Passes the Baton to Boehner

Michael Likosky | Posted 05.25.2011

As tempting and intoxicating stories of Republican Restoration and Democratic Triangulation may be, it is far more important to figure out how we can use TARP banks to reinvest in our real economy.

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Sell Local?

Max Fraad Wolff | Posted 05.25.2011

Read More: Obama Tax Cuts, Jobs, Social Change, Build America Bonds, 2011, Budget, Local Government, State and Loval Government, State Government, Business News

Local and state finances receive very little national attention. Across the most recent economic crisis, local government finances have taken an epic battering. How bad is it? Bad.

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The F Word: Attacks On Government Workers in Tax Deal

Laura Flanders | Posted 05.25.2011

Read More: Taxes, Public Employees, Build America Bonds, F Word, Bankruptcy, States, Budget, Compromise, Grit Tv, Bruce Krasting, The F Word, Laura Flanders, Tax Cut, Grittv, Yves Smith, James Pethokoukis, Unions, Bill Fletcher, Bernie Sanders, Politics News

A little-noticed provision in the "tax cut compromise" we discussed today with Bernie Sanders might well drain the states' coffers.

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Fate Of 'Build America Bonds' In Doubt

Posted 05.25.2011

Read More: Bond Market, Babs, State Budgets, Munipical Debt, Build America Bonds, Bonds, RBC Capital Markets, Economic Recovery, City Budgets, Muni Market, Business News

CHICAGO: - A dispute between Democrats and Republicans over the continuation of the Build America Bond program and a sharp drop in Treasury prices sla...

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Extend Build America Bonds Too

Alan B. Krueger | Posted 05.25.2011

Read More: Tax Cuts, Taxes, Build America Bonds, Bush Tax Cuts, Business News

Build America Bonds have provided crucial support for state and local governments at a time when they faced unprecedented stress raising funds. And, that's right, BABs were structured as a tax program.

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The American Debt Crisis & Infrastructure Investment

Michael Likosky | Posted 05.25.2011

Read More: Call Centers, Infrastructure, Milton Friedman, Ronald Reagan, Jobs, Reagan Revolution, Iraq War, Clean Energy, Outsourcing, Tarp, Barack Obama, Globalization, Build America Bonds, Non-AMT Private Activity Bonds, Clean Energy Bonds, Stimulus Act, Politics News

Economists are fond of telling us that America's competitive disadvantage - its inability to produce more domestic jobs - is the result of low labor c...

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An Infrastructure Bank: Reinvesting in America

Michael Likosky | Posted 05.25.2011

Read More: Tarp, American Recovery and Reinvestment Act, Labor Day, Clean Energy, Arnold Schwarzenegger, Wall Street Journal, Infrastructure, Ed Rendell, Sovereign Wealth Funds, Economic Stimulus Package, General Motors, Bailout, Janesville-Wisconsin, Rosa DeLauro, Broadband, Financial Regulation, Pension Funds, Batteries, Building Americas Future, Build America Bonds, p3s, Dallas Area Rapid Transit, Michael Bloomberg, Christopher Dodd, Livable Communities, Chuck Hagel, San Francisco Bay Bridge, Barack Obama, American Society of Civil Engineers, Transportation, Iraq War, Public-Private-Partnerships, Labor Union, Milwaukee, Warren Buffett, High Speed Rail, McKinsey Global Institute, Politics News

On Labor Day, President Obama announced a National Infrastructure Bank to direct our reinvestment in American infrastructure. In doing so, he returned...

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Enlisting Goldman in Our Recovery

Michael Likosky | Posted 05.25.2011

Read More: Goldman Sachs, Infrastructure, JP Morgan, Sec, Privatization, Build America Bonds, p3s, Asset Leases, Energy, Ebt, Freight Rail, Politics News

We must modernize the rules governing our financial institutions swiftly so that we can turn to a more pressing matter - how to move capital into our ...

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Investment Banking and California's Municipal Bonds

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Credit Default Swaps, Municipal Bonds, Bill Lockyer, California, Build America Bonds, Barack Obama, Los Angeles News

California State Treasurer Bill Lockyer is a man with a lot of questions. On March 29, 2010 his office sent letters to Bank of America, Barclays, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley asking about their credit-default swap practices.

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Retuning the Bad Rap for BABs

Alan B. Krueger | Posted 05.25.2011

Read More: American Recovery and Reinvestment Act, Build America Bonds, Recovery Act, Babs, Business News

Some recent press coverage has provided a misleading picture about a successful Recovery Act program, Build America Bonds (BABs). Let's set the record straight.

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Build America Bonds Earn $55.7 Million In Fees For Goldman Sachs

BusinessWeek | Michael McDonald | Posted 05.25.2011

Read More: Unemployment, Economic Stimulus Package, Unemployment Rate, Build America Bonds, Goldman Sachs, Bonds, Munis, Obama Administration, Financial Crisis, Job Creation, Business News

March 10 (Bloomberg) -- Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, has made $55.7 million from the sale of ...

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'Build America Bonds,' Meant To Create Jobs, Generate Wall Street Fees

wsj.com | IANTHE JEANNE DUGAN | Posted 05.25.2011

Read More: Goldman Sachs, Economic Stimulus Package, Build America Bonds, Bonds, Economy, Fixed Income, Obama Administration, Financial Crisis, Stimulus, Recession, Business News

Wall Street firms have received fees exceeding $1 billion in less than a year selling "Build America Bonds" meant to spur jobs in struggling cities, o...

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Sen. Grassley Grills Goldman Sachs Over Hefty Fees For 'Build America' Bonds

Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: Lloyd Blankfein, Goldman Sachs, Recovery, Unemployment, Chuck Grassley, Charles Grassley, Build America Bonds, Jobs Bill, Economic Recovery, Business News

Sen. Chuck Grassley (D-Iowa) is concerned that Goldman Sachs will collect sizable fees from its role as an underwriter of the 'Build America' bonds th...

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Judging the Stimulus Law: Three Overlooked Areas

Michael Likosky | Posted 05.25.2011

Read More: American Recovery and Reinvestment Act, Economic Stimulus Package, Build America Bonds, Jobs, High Speed Rail, Clean Energy, Barack Obama, Economy, Politics News

As the spin cycle assesses the successes and shortcomings of the American Recovery and Reinvestment Act (ARRA), it is worth pointing to three areas in the law that are too often overlooked.

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