WILLIAMSBURG, Va. — One of the Obama administration’s priorities is to get Congress to extend the Build America Bond program and federal officials are convinced BABs will remain a “vibrant market” even if the federal subsidy rate is reduced from its current 35% level, a Treasury Department official said ­Monday.

Speaking at the National Association of State Treasurers’ annual conference here, Alan Krueger, assistant Treasury secretary for economic policy, said the administration “is committed to seeking a long-term extension” of the BAB program, which is set to expire at the end of the year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.