FREDERICK — Frederick city officials are taking the next step toward construction of a downtown hotel and conference center. Mayor Randy McClement and the Board of Aldermen are meeting Wednesday afternoon to discuss criteria for choosing a site for the ...

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WASHINGTON — The Federal Reserve is slightly cutting its estimate of how much it paid the federal government in 2011. But the bank says the payment is still the second biggest in the nation’s history. The Fed said Tuesday that ...

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On March 13, Federal Reserve Chairman Ben Bernanke reiterated the Federal Open Market Committee’s intention to keep interest rates low through 2014. This is welcome news for mortgage borrowers or those invested in equities, as investors may decide to move ...

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WASHINGTON — Since the Federal Reserve’s policymakers last met in January, the job market has shown more muscle. Employers have hired more than a half million people. The unemployment rate is down. The core issue the policymakers face when they ...

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WASHINGTON — Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates. Freddie Mac said ...

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WASHINGTON — In a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting. The ...

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ANNAPOLIS — A state debt committee has voted to increase Maryland’s borrowing by $150 million next year to almost $1.1 billion, and the decision has left Comptroller Peter Franchot steaming. “One week we are taking in less money, and the ...

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NEW YORK — Trouble on two fronts in the European debt crisis sent American stocks tumbling Wednesday to their biggest loss since the rocky trading of the summer. The Dow Jones industrial average fell almost 390 points. Stocks were down ...

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NEW YORK — Goldman Sachs Group Inc. reported a third-quarter loss of $428 million Tuesday as revenue from underwriting stocks and bonds plunged. It was only the second quarterly loss for the investment bank since it went public 12 years ...

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Baltimore finance officials have drained nearly half a million dollars from a special account to help cover the $1.4 million repayment due this month on $78 million in tax increment financing bonds issued for the struggling East Baltimore Development Inc. ...

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