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.
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