  We examine the X-ray spectra and variability of the sample of X-ray sources
with L_X = 10^{31}-10^{33} erg s^{-1} identified within the inner 9' of the
Galaxy. Very few of the sources exhibit intra-day or inter-month variations. We
find that the spectra of the point sources near the Galactic center are very
hard between 2--8 keV, even after accounting for absorption. When modeled as
power laws the median photon index is Gamma=0.7, while when modeled as thermal
plasma we can only obtain lower limits to the temperature of kT>8 keV. The
combined spectra of the point sources is similarly hard, with a photon index of
Gamma=0.8. Strong line emission is observed from low-ionization, He-like, and
H-like Fe, both in the average spectra and in the brightest individual sources.
The line ratios of the highly-ionized Fe in the average spectra are consistent
with emission from a plasma in thermal equilibrium. This line emission is
observed whether average spectra are examined as a function of the count rate
from the source, or as a function of the hardness ratios of individual sources.
This suggests that the hardness of the spectra may in fact to due local
absorption that partially-covers the X-ray emitting regions in the Galactic
center systems. We suggest that most of these sources are intermediate polars,
which (1) often exhibit hard spectra with prominent Fe lines, (2) rarely
exhibit either flares on short time scales or changes in their mean X-ray flux
on long time scales, and (3) are the most numerous hard X-ray sources with
comparable luminosities in the Galaxy.
