Understanding the Catalog of Federal Domestic Assistance (CFDA): A Comprehensive Guide for Institutional and Professional Investors

Introduction to CFDA The Catalog of Federal Domestic Assistance (CFDA) was a comprehensive guidebook that detailed federal assistance programs within the United States. These programs included grants, loans, scholarships, counseling, and other types of assistance available to individuals, corporations, government agencies, and nonprofit organizations. The CFDA numbered over 2,200 unique

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Understanding Build America Bonds: A Stimulus Program for Financing Infrastructure Projects

Introduction to Build America Bonds (BABs) Build America Bonds (BABs), a critical component of President Obama’s American Recovery and Reinvestment Act of 2009, represented a significant shift in government finance and investment strategies. These taxable municipal bonds featured federal tax credits or subsidies for bondholders or state and local government

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