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Tag Archives: increase

PSC rejects most of Pepco rate increase request

ANNAPOLIS — Maryland regulators have rejected a large portion of the Potomac Electric Power Co.’s request for a 4 percent rate increase, citing the company’s history of substandard performance. The Public Service Commission rejected $50 million of the $68 million ...

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U.S. durable goods orders up 0.2 percent in April

WASHINGTON — Orders for long-lasting factory goods edged up slightly in April. But a measure of tracks business investment spending fell for a second straight month. Durable goods orders increased 0.2 percent last month after a 3.7 percent decline in ...

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Assembly approves tax increase, teacher pension cost shifts

ANNAPOLIS — The General Assembly gave final approval early Wednesday afternoon to a budget package that will raise taxes on the wealthiest Maryland residents and shift the cost of teacher pensions to local jurisdictions. The tax package, which did not ...

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Income tax hike worries some business groups

While the governor has touted Maryland’s comparatively low tax burden on its high-income populace, some groups are concerned that the income tax hikes proposed for this week’s special session will harm Maryland’s national rankings on taxes and business climate. Gov. ...

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Manufacturing up, but construction spending down

WASHINGTON — U.S. factories stepped up hiring and production in March, the latest evidence that manufacturing is growing at a healthy pace and fueling the recovery. But a separate report on construction spending showed that building activity declined in February ...

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Bernanke’s cautious words drive market up

WASHINGTON — Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve’s existing policies will help boost economic growth. Bernanke’s comments Monday to a group of economists in Arlington, ...

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