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Tag Archives: budget deficit

Budget deficit tops $1 trillion 4th year in row

WASHINGTON — The U.S. federal budget deficit increased by $191 billion in August and has topped $1 trillion for the fourth straight year. The deficit for the first 11 months of the 2012 budget year totaled $1.16 trillion, the Treasury ...

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U.S. growth slowed to 2.2 percent in first quarter

WASHINGTON — The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year. The result suggests ...

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O’Malley says he would like sales tax increase

ANNAPOLIS — Gov. Martin O’Malley said Wednesday he would prefer to raise the state’s sales tax instead of the one on gas to address the budget deficit and pay for road and highway repairs, but noted that revenue proposals are ...

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Maryland begins 2012 legislative with big money issues on the table (access required)

Maryland’s lawmakers are back in Annapolis on Wednesday for the 430th legislative session. The General Assembly faces a host of major fiscal issues, including a $1.1 billion budget deficit and a push by powerful lawmakers and interest groups to raise more ...

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O’Malley says taxes possible in special session

ANNAPOLIS — Gov. Martin O’Malley isn’t ruling out tax proposals during October’s special session on legislative redistricting. O’Malley said Wednesday his administration has had several meetings on how the state will address a projected budget deficit of about $1 billion ...

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