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, ...

Tagged with: borrowing Congress credit rating house of representatives nancy pelosi senate timothy geithner treasury vice president joe biden

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 ...

Tagged with: Congress credit rating debt ceiling fitch ratings moody's standard & poor's timothy geithner treasury

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 ...

Tagged with: Barack Obama Congress credit rating debt ceiling Economy s&p standard & poor's treasury united states white house

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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NEW YORK — Worries about a weak economy had investors buying up Treasurys Thursday after the number of people applying for unemployment benefits soared last week. The price of the 10-year Treasury note rose 59 cents per $100 invested in ...

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