WASHINGTON — Sen. Chuck Grassley, the ranking minority member of the Senate Finance Committee, has asked the Government Accountability Office to analyze Build America Bonds and determine who primarily benefits from the program, whether states are using the bonds to reduce budget deficits, and what federal agencies are finding in probes of BAB transactions.

The Iowa Republican made the request in a three-page letter sent Tuesday to acting Comptroller General Gene Dodaro as Senate Finance Committee chairman Max Baucus, D-Mont., reportedly told fellow Democrats on the panel that he is considering writing a tax bill that would extend the BABs program through the end of 2011.

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