Tag Archives: deficit

Donald C. Fry: Assembly leaders back disingenuous gas tax

State lawmakers face a session of reckoning during the Maryland General Assembly’s next three months in Annapolis. First, they face an estimated $1.6 billion operating budget deficit for the fiscal year that begins July 1 without benefit of more than ...

Read More »

Fed pays US Treasury record $78.4B last year

WASHINGTON — The Federal Reserve paid a record $78.4 billion in earnings to the U.S. government last year, reflecting gains from the central bank’s unconventional efforts to lift the economy. The payment to the Treasury Department is the largest since ...

Read More »

Maryland’s budget woes will dominate 2011 legislative session

Maryland’s budget woes will dominate the 2011 legislative session as lawmakers seek to bridge a $1.6 billion deficit without the federal safety net that eased the state’s fiscal pain in recent years. Gov. Martin O’Malley has vowed to avoid tax ...

Read More »