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Budget Control Act of 2011

With budget deal, Maryland businesses breathe sigh of relief

With budget deal, Maryland businesses breathe sigh of relief

It wasn't until the wee hours of Friday morning that Congress finally passed a two-year deal that staves off harsh spending reductions and averts a credit default, setting aside most of the big fights over the federal budget for the remainder of President Barack Obama's term.

At $80 billion, the latest accord is modest by Washington budget standards.

But in Maryland, where federal spending powers a large portion of the economy, many businesses said they were just grateful a deal — any deal — had been reached.

"To know that there's a budget deal and that we have that behind us … is for a lot of us a feeling of relief," said Jill McClune,...

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