WASHINGTON — When it meets Tuesday, the Federal Reserve could signal what it can or will do to help the nation avoid another recession. Since the Fed last met in June, Standard & Poor’s has downgraded long-term U.S. debt, stock ...

Tagged with: bond chairman ben bernanke credit rating debt debt ceiling Economy federal reserve standard & poor's stimulus treasury united states

WASHINGTON — Emergency legislation to allow the government to borrow more money headed toward passage in the Senate Tuesday with just hours to spare before the national debt bumps against its ceiling. Expected approval sends the bill to President Barack Obama, ...

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WASHINGTON — The head of a top credit rating agency says that some of the deficit-cutting plans being considered by Congress could bring the U.S. debt burden down to a level that would allow the country to keep its triple-A ...

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Eagle Bancorp Inc. of Bethesda, the parent company of EagleBank, announced that it has received a $56.6 million investment in its preferred stock from the U.S. Treasury Department under the Small Business Lending Fund. The SBLF is a voluntary program ...

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WASHINGTON — Credit rating agency Standard & Poor’s said Thursday that there is a 50 percent chance it will downgrade the U.S. government’s credit rating within three months because of the congressional impasse over approving an increase in the debt ...

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WASHINGTON — Grasping for a deal on the nation’s debt, President Barack Obama and congressional leaders remained divided Sunday over the size and the components of a plan to reduce long term deficits. Saying “we need to” work out an ...

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WASHINGTON — Fixed mortgage rates rose this week by the most in four months. The average rate on the 30-year loan increased to 4.60 percent, up from 4.51 percent a week ago, Freddie Mac said Thursday. It hit its lowest ...

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WASHINGTON — The Treasury Department says Congress has one month to raise the nation’s borrowing limit or the government will default on its debt. Treasury officials are confirming the Aug. 2 deadline in a monthly update that assesses the nation’s ...

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Maryland counties unexpectedly awash with extra cash in May will see their finances come back down to earth this month as the state fixes a flubbed formula used to disburse income tax revenue to local jurisdictions. The mistake in the ...

Tagged with: budget counties Economy Harford County Executive David R. Craig income tax maryland Montgomery County revenue State Department of Assessments and Taxation Taxes treasury

WASHINGTON— Federal Reserve Chairman Ben Bernanke noted Tuesday that the job market and the economy have weakened in recent weeks. But he said that’s mainly because of higher gas prices and the Japan crises — factors that should ease in ...

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