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House to pass bills to reopen national parks, Dept. of Veterans Affairs
WASHINGTON — House and Senate Democrats say they’ll reject a bid by Republicans to reopen portions of the government, including national parks and processing of claims at the Department of Veterans Affairs. They say the entire government should be reopened, not just the parts that Republicans like. Top Senate Democrat Harry Reid said Republicans “are […]
Americans anxious, irritated as government shuts down
The partial government shutdown that began Tuesday threw into turmoil the household finances of some federal workers, with many facing unpaid furloughs or delays in paychecks. Park ranger and father-to-be Darquez Smith said he already lives paycheck to paycheck while putting himself through college and worried how he’ll fare if the checks stop coming. “I’ve […]
Maryland’s jobless numbers decline
Maryland’s unemployment rate fell in October for the first time in six months, but economists and labor officials cautioned Tuesday the state faces immense challenges as the economy recovers slowly and federal lawmakers debate deep budget cuts. “October’s improvement should probably not be interpreted as a sign of further improvement to come,” said Anirban Basu, […]
Law in the global village
Despite our nation fighting wars on at least three fronts (Libya, Iraq, and Afghanistan), U.S. news outlets, for the most part, have focused much of this past year on domestic issues such as the debt ceiling, President Obama’s jobs bill, and the Republican presidential primary. This week has been a break from the usual milieu with attention […]
Economists cut growth forecasts for 2011 and 2012
WASHINGTON — Confronted with an economy that has decidedly underperformed this year, economists are scaling back their growth forecasts for 2011 and next year. In their latest forecast, top economists with the National Association for Business Economics predict that the economy will grow 1.7 percent this year — down from the group’s May prediction of […]
C. Fraser Smith: Can we find common ground?
I struck a nerve the other day when I suggested the tea party had fomented a crisis around the debt ceiling. There was this email: “I find it amazing that you so quickly pointed to the TEA Party as causing the gridlock and sense of dysfunction in Congress. “I guess perhaps you’re suffering from short-term […]
The Daily Record News Quiz: August 15 – 19
Have you been keeping up with The Daily Record’s news this week? Take our 10-question weekly news quiz in this fun, interactive feature. Leave a comment below and tell us how many questions you got right!
Letters to the Editor – 8/19/11
We are writing to correct misstatements made by Mr. David Johnson in his recent guest column in The Daily Record regarding the State Center project. First, Mr. Johnson states that the State does not pay rent to occupy the obsolete State Center complex. However, the state pays approximately $23 per square foot per year to […]
Maryland could near its debt ceiling in 2017
Maryland could be within $43 million of hitting its debt ceiling in fiscal 2017, according to projections presented to the Capital Debt Affordability Committee. The committee, made up of financial officials from the executive branch and legislature, heard an overview of the state’s financial projections, debt obligations, and the direction that the money is flowing. […]
C. Fraser Smith: Ghouls, goblins and the U.S. debt crisis
EDINBURGH, Scotland — Rupert Murdoch, who was driven off Page One, may be the only one to find something good in the recent implosion of confidence and credit in governments around much of the world. President Barack Obama and Congress have been taking the lumps that had been heaped until a week or so ago […]
Board of Public Works to sell bonds for state health lab
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 the massive East Baltimore Development Inc. redevelopment project. The Maryland Economic Development Corp., the state […]
Fed gets its chance to stimulate economy
WASHINGTON — When it meets Tuesday, the Federal Reserve could signal what it can or will do to help the nation avoid another recession. Since the Fed last met in June, Standard & Poor’s has downgraded long-term U.S. debt, stock markets have plunged, Europe has struggled to contain its debt crisis and a range of […]
