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U.S. budget deficit widens $139 billion in May
WASHINGTON — The government reported Wednesday that the U.S. budget deficit widened in May by $139 billion. But the annual deficit stayed on track to finish below $1 trillion for the first time since 2008. Steady economic growth and higher tax rates have boosted the government’s tax revenue. At the same time, government spending has […]
Weekly U.S. jobless aid applications dip to 370,000
WASHINGTON — The number of people seeking unemployment benefits changed little last week, signaling modest job growth. The Labor Department said Thursday that weekly applications for benefits dipped by 2,000 to a seasonally adjusted 370,000. Applications have leveled off this month after declining from April’s five-month high of 392,000. The four-week average, a less volatile […]
Miller: Special session could be in mid-May
ANNAPOLIS — Maryland Senate President Thomas V. Mike Miller says a special session could happen in mid-May. Miller spoke Tuesday morning after meeting with Gov. Martin O’Malley and House Speaker Michael Busch for about an hour at the governor’s residence. Busch says they talked about a timeline for a special session. They also discussed the […]
BGE: Most customers to get $100 Exelon deal credit in May
Baltimore Gas and Electric says most customers will get a $100 credit on their bills next month as part of the takeover of BGE parent Constellation Energy by Exelon Corp. The $7.9 billion takeover of Constellation Energy was completed last month, creating one of the largest competitive power suppliers in the United States. The two […]
BWI sets passenger traffic record in May
LINTHICUM — Passenger traffic at Baltimore/Washington International Thurgood Marshall Airport has set another record. Gov. Martin O’Malley said Wednesday that 2,078,548 passengers traveled through BWI in May. That is an increase of 6.8 percent over May 2010 and is an all-time May record. The airport has set monthly passenger records in 12 of the past […]
New-home sales fell in May, median price rose
WASHINGTON — Fewer people bought new homes last month, the latest sign that the struggling housing market won’t rebound this year. New-home sales fell 2.1 percent in May to a seasonally adjusted annual rate of 319,000 homes, the Commerce Department said Thursday. That’s far below the 700,000 homes per year that economists say must be […]
May revenue declines for all 11 AC casinos
Newly released figures show Atlantic City’s casinos shared the misery last month, with all 11 reporting revenue declines compared with May 2010. Their combined revenue fell more than 9 percent from a year ago to $290.6 million. The biggest loser was Trump Plaza Hotel Casino, down 25 percent. Slot machine win fell 8.7 percent, to […]
May manufacturing activity cooled to 20-month low
WASHINGTON — U.S. manufacturing activity expanded in May at the slowest pace in 20 months, the latest sign that a sharp rise in energy prices is hampering economic growth. The Institute for Supply Management, a trade group of purchasing executives, said Wednesday that its index of manufacturing activity fell to 53.5 percent in May from […]
