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Tag Archives: treasury

Senate debates debt limit bill, passage likely

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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Rate on 30-year fixed mortgage rises to 4.60 pct.

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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Treasury confirms deadline for raising debt limit

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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State overpays locals by $11.7M (access required)

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 ...

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