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 ...

Tagged with: Banks bethesda investment TARP treasury u.s. treasury department

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 ...

Tagged with: Barack Obama d.c. deal debt deficit Economy loans Recession treasury washington

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 ...

Tagged with: economists fed federal reserve Financing fixed mortgage fixed mortgage rate freddie mac mortgage rate prices Real Estate treasury washington

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 ...

Tagged with: Congress deadline debt limit Government revenue tax increases treasury treasury department treasury secretary treasury secretary timothy geithner

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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WASHINGTON — The door at the notoriously secretive Federal Reserve is opening wider. For the first time in the Fed’s 98-year history, its chairman is to begin holding regular news conferences. For Ben Bernanke, Wednesday’s meeting with the press gives ...

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WASHINGTON — The $38 billion in spending cuts agreed to last week won’t prevent this year’s budget deficit from setting another record high, estimated at $1.5 trillion. The Treasury Department is reporting that the deficit already totals $829.4 billion through ...

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