Now, the problem is that if you invest in bonds from some state or local government, they might not pay you back; they can just go bankrupt.

现在的问题是如果你投资了,州或者地方政府发行的债券,他们可能无法支付,他们可能会破产

耶鲁公开课 - 金融市场课程节选

So there's different aspects. There's many people here who are focused on the local government,

所以有不同的方向。这里有好多人专注于本地政府，

肯尼迪学校 - SpeakingMax英语口语达人

They deal with, principally, state and local governments who are issuing bonds to raise money for their activities, like New Haven, for example, or any other state or local government.

他们主要与,州和当地政府打交道,这些政府机构通过发行债券筹资,例如纽黑文市,或者其他的州,或者其他的当地政府

耶鲁公开课 - 金融市场课程节选

and Galbraith said you know we don't have a viable local parterner in Karzai and his government.

盖布瑞斯说到我们在卡尔扎伊政府中并没有这样的伙伴。

普林斯顿公开课 - 国际座谈会课程节选