| Jul 11, 2014
| 12:34 PM
When the three major Wall Street bond rating agencies reaffirmed Maryland's AAA rating last week, Gov. Martin O'Malley issued a news release crediting his administration's "fiscally responsible approach" to budgeting. Given the extent to which Mr. O'...
| Feb 19, 2014
| 11:09 AM
The state pension system is Maryland's financial Achilles heel and has been for decades.
All bond rating services have noted that rising pension debt endangers the state's AAA bond rating, and the Pew Center on the States rates Maryland as among the...
| Nov 7, 2013
| 11:49 AM
WASHINGTON -- The 16-day shutdown of the federal government last month resulted in $2 billion in lost productivity and, at its peak, left 40 percent of the federal workforce furloughed, according to a report released by the Obama administration Thursday....
| Nov 13, 2013
| 8:20 AM
Carroll County received positive credit ratings, including one upgrade, from bond rating agencies after the county's annual bond review in New York.
Carroll received a AAA rating, the highest possible, from both Fitch Services and Standard and Poor's...
| Sep 18, 2012
| 3:00 AM
A wild windstorm swept through the nation's capital on Saturday, tossing broken tree limbs, downing power lines and forcing thousands of suburbanites to eat dinner by candlelight. On Sunday, with the skies sunny and mostly clear, the oppressive heat...
| Jul 29, 2012
| 3:00 AM
As the world struggles to deal with its two largest foreign-affairs dilemmas, Syria and Iran, resolutely standing in the way are the BRICs.
That's the acronym foreign-policy wonks use for the block of nations that routinely refuses to join the...
| Feb 21, 2013
| 6:45 PM
Some members of the Rev. David Carl Olson's congregation are homeless. A few work minimum-wage jobs, he said, but they still cannot afford to leave shelters.
His faith calls him to live in a world with "profoundly more justice," said Olson, who...
| Feb 11, 2013
| 4:33 AM
Harford County officials are preparing to sell $116.9 in bonds on Feb. 19.
The bond issues cover $40 million that is being borrowed for various capital improvement projects and $76.9 million to refinance two previous bond issues from 2005 and 2007,...
| Jan 13, 2013
| 9:29 PM
When Bank of America credit officer Dan Petrik and his team sat down in early 2007 to analyze Sam Zell's plan to take control of Tribune Co., their numbers showed that the complex deal failed to meet five of the bank's 10 lending guidelines.
| Aug 9, 2011
| 6:53 PM
Maryland's treasurer expressed confidence Tuesday the state's AAA credit rating would not change as a result of Standard & Poor's historic downgrade of the federal government's rating.
Maryland has maintained the top rating from the three major ratings...
| Aug 11, 2011
| 8:30 AM
It may be possible to reverse a downward economic trend by examining the issues and then taking action.
First, is it possible that in downgrading the U.S. credit rating, Standard and Poor's is trying to reclaim its reputation after having backed so...
| Aug 12, 2011
| 10:00 AM
Why is anyone surprised by Standard and Poor's downgrading U.S. debt? I'm surprised it took this long. President Barack Obama and the members of the U.S. House of Representatives and U.S. Senate have been behaving like little kids, pushing their own...