| Jul 12, 2011 12:03PM Six cities have been selected for a pilot program designed by the Obama Administration to strengthen local capacity, spark economic growth and ensure that taxpayer dollars are used efficiently. The initiative, named Strong Cities, Strong Communities (SC2) will involve multiple federal agencies which will provide staff to work with local governments. The program has three primary goals: To help local governments cut through federal red tape and navigate the "overlapping maze" of agencies, regulations... Jul 12, 2011 4:17PM Moody's downgrade of Ireland's credit rating junk status this afternoon breathed a small amount of fresh air into what had been a mostly sideways bond market. Fannie 4.0's are now in line with their highs of the day, currently up 3/32nds overall
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