Tim Guenther, the chief financial officer of the Pennsylvania Higher Education Assistance Agency (PHEAA), Pennsylvania's student-loan agency, is photographed outside his office in Harrisburg, Pa., Wednesday, March 26, 2008. States, cities, hospitals and major public agencies battered by wild interest rate swings in one sector of the municipal bond market are scrambling to refinance the debt as they add up the damages to their budgets and nurse some hard feelings. (AP Photo/Carolyn Kaster)

Read Article