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.Read More »
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, ...Read More »
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 ...
Tagged with: del. anthony o'donnell democrats doomsday budget gambling General Assembly jeannie haddaway-riccio Martin O'Malley maryland board of public works Michael E. Busch Prince George's County republicans revenue spending cuts teacher pensions Thomas V. Mike Miller Jr. Warren G. DeschenauxRead More »
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 ...
Tagged with: budget del. anthony o'donnell del. jeannie haddaway-riccio doomsday budget Ed Kasemeyer General Assembly legislature maryland Michael E. Busch republicans special session spending cuts t. eloise foster tax hikes Taxes Thomas V. Mike Miller Jr.Read More »
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 ...Read More »
The Senate Budget and Taxation Committee will vote Thursday afternoon on a budget bill to send to the chamber floor. Senate subcommittees are slated to report to the committee at 1 p.m. Thursday, followed by a full committee vote that ...Read More »
WASHINGTON — The federal deficit was lower in the first quarter of the 2012 budget year than the same period last year. Yet, the imbalance remains high by historical standards and should keep lawmakers debating tax increases and spending cuts ...Read More »
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 ...Read More »
Congress is moving quickly on an agreement to avert a potentially devastating default on U.S. obligations, with legislation that mixes a record increase in the government’s borrowing cap with the promise of more than $2 trillion in spending cuts. After ...Read More »
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 ...Read More »