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Tag Archives: deficit

Bernanke: Job market remains weak despite gains

WASHINGTON — Ben Bernanke says the job market isn’t as strong as the steadily declining unemployment rate might suggest. Responding to questions at a Senate hearing Tuesday, he noted that the unemployment rate doesn’t capture the plight of millions of ...

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Top 5: ‘It was just so blatantly unfair to do what they did’ (access required)

An IPO splash by a Baltimore tech company and a look at the upcoming General Assembly legislative session are among the most-read business stories of the week. But news of the potential seizure of vehicles from a Baltimore city agency ...

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$1.1B deficit, gas tax, gambling to dominate General Assembly (access required)

With many long-simmering issues likely to come to a boil this year, lawmakers face a legislative session that will be dominated by Maryland’s lingering fiscal woes and an agenda full of unfinished business from years past. The budget deficit stands ...

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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 ...

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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 ...

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Debt, elections prod GOP to ease anti-tax stance

WASHINGTON — The GOP’s image as a rigidly anti-tax party is softening. Spurred by federal debt worries in Congress, the shift conceivably could reshape the Republican Party’s brand ahead of the 2012 elections, forcing tough decisions by its presidential candidates. ...

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Democrats, Republicans far apart on deficit deal

WASHINGTON — A Democrat on a special deficit-cutting “supercommittee” Wednesday questioned whether Republicans are still interested in negotiating after the panel’s top GOP member said Republicans have “gone as far as we feel we can go” on tax hikes. A ...

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Social Security to hand out first raises since ’09

WASHINGTON — Social Security recipients will get a raise in January — their first increase in benefits since 2009. It’s expected to be about 3.5 percent. Some 55 million beneficiaries will find out for sure Wednesday when a government inflation ...

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