Letter to OMB on Sequestration of BAB Subsidies

Members of the Public Finance Network (PFN) sent a letter urging the Office of Management and Budget (OMB) and the White House National Economic Council (NEC) to affirm an exemption from sequestration for payments to issuers of direct payment bonds. According to a report issued by OMB on September 14, 2012, these payments will be…