Despite warnings from Comptroller Peter Franchot that the state is on course to exceed its capital debt ceiling in 2017, the Board of Public Works voted Wednesday to sell bonds for a $184.8 million state health lab as part of ...

Tagged with: Baltimore bonds Comptroller Peter V. R. Franchot debt ceiling east baltimore east baltimore development inc. EBDI maryland board of public works Maryland Economic Development Corp. pilot

The credit rating front has been quieter Wednesday with Maryland officials believing any Standard & Poor’s rating action will not come soon, if at all. Here are some of the things that didn’t quite make the stories in the dead-tree ...

Tagged with: Anirban Basu bonds Camden Yards credit rating Department of Legislative Services dow jones industrial average fitch fitch ratings maryland Maryland Stadium Authority moody's Moody's Investors Service s&p Sage Policy Group Inc. standard & poor's state retirement and pension system University of Baltimore Warren Deschenaux

WASHINGTON — The average rate on a 15-year fixed mortgage has fallen to its lowest level in decades. Freddie Mac says the rate for the popular refinancing option dropped to 3.54 percent from 3.66 percent the previous week. That’s lowest ...

Tagged with: bonds fixed mortgage freddie mac housing market mortgage mortgage rate refinancing Stocks treasury note U.S. economy

ANNAPOLIS — Maryland has completed $512.4 million in the sale of general obligation bonds. The sale, which was completed Wednesday, was described as a successful one by Treasurer Nancy Kopp. That’s despite the economic uncertainty churning around the debt limit ...

Tagged with: Banks bonds interest rates maryland treasurer nancy k. kopp triple A bond rating

ANNAPOLIS — Maryland Treasurer Nancy Kopp says the opening of a $718 million bond sale is being postponed because of the debt ceiling debate in Washington. Kopp says the opening, which was to begin on Friday, will be delayed until ...

Tagged with: Annapolis bonds debt ceiling school construction washington

ANNAPOLIS — As the state prepares to issue $512 million in new bonds next month, it is also making preparations to reduce the state’s debt nearly $7 million by refunding as much as $550 million in existing bonds. Patti Konrad, ...

Tagged with: Annapolis bonds debt interest rates investors market maryland refund

NEW YORK — Stocks turned higher Wednesday after the Federal Reserve said it would end its $600 billion bond-buying program as scheduled in June because the economy has improved. The decision, announced after the Fed’s two-day policy meeting, was widely ...

Tagged with: bonds chairman ben bernanke federal reserve Nasdaq new york Stocks wall street

WASHINGTON — Federal Reserve Chairman Ben Bernanke boldly predicted to Congress on Tuesday that rising oil prices will cause only a brief and modest rise in consumer inflation. If he’s wrong, as some lawmakers suggested to him, the risks are ...

Tagged with: Ben Bernanke bonds budget cuts chairman Congress consumers dollar Economy federal reserve growth inflation Recession Senate Banking Committee treasury

What is a TIF? The acronym stands for Tax Increment Financing, a little-understood form of public investment in urban redevelopment now favored by the city of Baltimore. When City Hall approves a TIF to help finance a new development, bonds ...

Tagged with: Baltimore bonds city hall Development east baltimore development inc. EBDI Financing pilots redevelopment tax increment financing TIF urban

WASHINGTON — Few expect any major shifts when the Federal Reserve’s policymaking panel meets this week, even though two of its new voting members have been skeptics of the Fed’s $600 billion Treasury bond purchase plan. That could all change ...

Tagged with: Ben Bernanke bonds chairman Economy federal reserve federal reserve bank stock market Stocks treasury washington