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Wall Street Crisis Impacts D.C. Bonds

Post business reporter Zachary A. Goldfarb notes today that interest rates on some District government bonds have doubled as a result of the tightening of the credit market on Wall Street. D.C. Treasurer Lasana Mack tells Goldfarb that the city has budgeted for some of the increase and that he's not concerned that the spike in rates will create a problem for the city to make the payments.

By David A Nakamura  |  September 18, 2008; 11:24 AM ET
Categories:  City Finances  
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