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D.C. Metro proposes 5 percent bus, rail fare increase
WASHINGTON — Metro is proposing to raise bus and rail fares by about 5 percent in an effort to overcome a $116 million shortfall in its upcoming operating budget. Riders who use paper fare cards would see the biggest change under the proposal, paying a one-way flat fare of $6 during rush hour and $4 […]
Vote to increase borrowing angers Franchot
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 next week we are spending more,” Franchot said in an interview, referring to a write-down […]
Virginia governor wants increased transit funding
NORFOLK, Va. — Virginia Gov. Bob McDonnell unveiled a list of transportation proposals on Thursday that call for increased state funding to reduce gridlock, which he says would help boost economic development and create jobs. Virginia has some of the nation’s most congested roadways, particularly in populous Northern Virginia and in Hampton Roads, home to […]
Congressional panel set to fail to cut deficit $1.2 trillion
WASHINGTON — The imminent collapse of a special deficit-reduction supercommittee on Monday promises to set off yet another round of the Washington blame game as the panel officially admits failure in its quest to sop up at least $1.2 trillion in government red ink over the coming decade. The bipartisan 12-member panel is sputtering to […]
Deficit gridlock looms, supercommittee deadlocked
WASHINGTON — Deadline nearing, the deficit-reduction talks in Congress sank toward gridlock Friday after supercommittee Democrats rejected a late Republican offer that included next-to-nothing in new tax revenue. Each side maneuvered to blame the other for a looming stalemate. The panel faces a deadline of next Wednesday, the day before Thanksgiving, and lawmakers on both […]
D.C. could get budget control, with exception
WASHINGTON — A leading House Republican has drafted a bill that would give the District of Columbia more control over its budget, with one key exception: spending on abortion. The bill drafted by Rep. Darrell Issa, R-Calif., would allow the district to start its fiscal year in July and to spend its local tax dollars […]
City budget blues
If it’s the end of daylight-saving time, it’s budget time in Baltimore. And with a projected $50 million budget shortfall for 2012, many in city government are already singing the blues. That’s expected to be the case during two budget workshops scheduled for December and January with Mayor Stephanie Rawlings-Blake announced Friday by City Hall […]
Federal government runs $1.3 trillion budget deficit in 2011
WASHINGTON — The U.S. government ran a $1.3 trillion for the budget year that ended last month, the third straight year it has operated more than $1 trillion in the red. The 2011 budget deficit was the second highest on record. It’s slightly ahead of the previous budget year’s $1.29 trillion deficit but below the […]
UB Law to get more money from university
The University of Baltimore has pledged to increase its law school’s budget by $5 million over the next five years, following a study of the financial relationships between several other law schools and their universities. UB looked at the financial data of nine other universities with law schools and determined that its law school needed […]
Obama calls on Congress to act on jobs bill
WASHINGTON — President Barack Obama bluntly challenged Congress Monday to act immediately on his new jobs plan, brandishing a copy of the legislation in the Rose Garden and demanding: “No games, no politics, no delays.” Surrounded by police officers, firefighters, teachers, construction workers and others he said would be helped by the $447 billion package, […]
United Way employee admits stealing $375K in donations
A former employee of the United Way of Central Maryland admitted to stealing more than $375,000 in donations over a period of six years. Dorothy Shields Talbot, 48, pleaded guilty to wire fraud Thursday in U.S. District Court in Baltimore, just a few hundred feet from the United Way office at 100 S. Charles St. […]
Outlet malls a big hit for back-to-school shoppers
NEW YORK — Parents have a new goal this back-to-school shopping season: Buy their kids the name brands they want without spending like it’s 2007. After the recession began in late 2007, cost-conscious consumers sought out the cheapest shirts and shoes they could find at merchants like Wal-Mart and Target to keep their budget in […]
