Build America Bonds Program Ends Tomorrow

The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.

http://www.businessweek.com/news/2010-12-23/build-america-bonds-end-poised-to-batter-muni-market.html

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