WASHINGTON — The United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government’s borrowing cap, a new study predicted Tuesday. The Bipartisan Policy Center analysis says the ...Read More »
WASHINGTON — The federal government says it will temporarily suspend sales of U.S. Treasury securities to state and local governments at noon on Friday, the first step to avoid breaching the nation’s borrowing limit. The move announced Wednesday by Treasury ...Read More »
WASHINGTON — The House is scheduled to vote Wednesday on an increase in the nation’s debt limit, a move designed to prevent a first-ever government default. The vote marks a change in strategy for House Republicans who run the chamber ...Read More »
WASHINGTON — U.S. Treasury officials say they still expect the government will hit the current debt borrowing limit at the end of this year. But they say they can employ “extraordinary” measures that they have used in the past to ...Read More »
ANNAPOLIS — A Maryland panel on Monday recommended raising the state’s debt limit by $150 million in the next fiscal year. The state’s Capital Debt Affordability Committee voted 4-1 to allow the state to increase it from the current limit ...
Tagged with: Board of Revenue Estimates capital debt affordability committee Comptroller Peter V. R. Franchot debt limit Economy fiscal year Martin O'Malley revenues t. eloise foster treasurer nancy k. koppRead More »
WASHINGTON — Candidates in Maryland’s 6th Congressional District focused their last-minute campaigning mainly on Montgomery and Frederick counties Tuesday as voters went to the polls to choose their parties’ nominees. The western Maryland district, a longtime GOP stronghold, was drastically ...
Tagged with: 6th U.S. Congressional District andy harris bill clinton Comptroller Peter V. R. Franchot David Brinkley debt limit donna edwards dutch ruppersberger Elections elijah cummings john sarbanes Martin O'Malley maryland Montgomery County Newt Gingrich redistricting rep. john delaney rep. steny hoyer rob garagiola roscoe bartlett Sen. Chris Van Hollen western marylandRead More »
HONOLULLU — President Barack Obama is delaying his request for another $1.2 trillion increase in the nation’s debt limit at the request of congressional leaders. It’s basically because of a technicality. The White House had been ready to ask for ...Read More »
WASHINGTON — The economy worsened in much of the country earlier this summer, hampered by high unemployment, weak home sales and signs of a slowdown in manufacturing. A survey by the Federal Reserve, released Wednesday, found that weak consumer spending, ...Read More »
WASHINGTON — The impact of a failure to raise the U.S. borrowing limit could extend beyond America’s borders and damage the global economy, the chief of the International Monetary Fund said Tuesday. In a speech at the Council on Foreign ...Read More »
WASHINGTON — In a blunt challenge to President Barack Obama, House Republicans drafted legislation Monday to avert a threatened Aug. 2 government default — but along lines the White House has already dismissed. U.S. financial markets shrugged off the uncertainty. ...Read More »