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Tag Archives: spending cuts

Eye Opener: Congress approves ‘fiscal cliff’ deal (access required)

The U.S. House of Representatives late on New Year's Day approved a Senate plan to avoid the worst effects of the "fiscal cliff," a potentially devastating package of tax increases and spending cuts that would have struck Maryland particularly hard.

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Panetta warns of ‘disaster’ from defense cuts

WASHINGTON — Defense Secretary Leon Panetta pleaded with Congress Wednesday to avoid the disaster of automatic defense cuts even as he criticized lawmakers’ affection for protecting aging ships and aircraft. Ramping up the pressure, Panetta and Army Gen. Martin Dempsey, ...

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Assembly’s last-minute maneuvers could leave state $70M in the red (access required)

The state’s chief fiscal analyst warned Gov. Martin O’Malley on Tuesday to not sign any bills that impact state revenues or spending until Maryland’s out-of-balance “doomsday” budget is repaired. A budget containing some $500 million in cuts was enacted last ...

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O’Malley says consensus key to special session

ANNAPOLIS — Gov. Martin O’Malley said Tuesday he will call a special session of the General Assembly to avert about $512 million in budget cuts as soon as the House and Senate can reach consensus on how to pass a ...

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O’Malley in no hurry to call special session (access required)

Gov. Martin O’Malley doesn’t want legislators back in Annapolis until they’re ready to come to an agreement on revenue measures that could prevent most, or all, of the “doomsday” budget cuts enacted Monday. The Associated Press reported that the timing ...

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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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GOP concedes Medicare vouchers unlikely to advance

WASHINGTON — The GOP plan to replace Medicare with vouchers probably will have to wait, party leaders acknowledged Thursday as lawmakers and the White House bowed to political realities in pursuing a deal to allow more government borrowing in exchange ...

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