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Maryland for years benefited from its close proximity to the nation's capital, but the mandatory federal spending cuts called sequestration will be a drag on the state's economy for the next couple of years, said the president of the Federal Reserve...
It's facile to say that if the extreme right and left of American politics dislike something, it must be a good idea, but in the case of President Barack Obama's budget proposal, it may be true. The president is taking one more stab at a "grand bargain"...
The president and a few other prominent Democrats are openly suggesting that Social Security payments be reduced by applying a lower adjustment for inflation, and that Medicare be means-tested. This is even before Democrats have begun formal budget...
The House of Delegates turned back a series of amendments Wednesday night seeking to derail a transportation revenue bill backed by Gov. Martin O'Malley, a strong indication that Democratic leaders have enough votes to raise the state's gas tax for the...
The gas tax plan unveiled this week by Gov. Martin O'Malley and the General Assembly's top leaders is a complicated proposal that wouldn't represent our first choice in how best to pay for Maryland's transportation needs. But, on balance, it's a better-...
When it comes to fixing America's ballooning debt problem, there is one policy option that both Democrats and Republicans should be rushing to embrace. It is the proposal to replace the current Consumer Price Index (CPI) with a more accurate measure of...
Despite all the cliff drama in the past week that sent stocks spiraling downward, all three major U.S. stock indices ended the year higher — which might come as a surprise to many investors U.S. stocks rallied Monday in the last hours of trading...
A pair of reports critical of military spending — on items as diverse as health care and dried meat — are part of the latest round of scrutiny of the Defense Department's budget as the fiscal cliff approaches. The nonpartisan Congressional...
The fallout from the 2008 real estate bust lingers in Harford County and elsewhere, as evidenced by the latest round of property tax assessments for a third of the county's residential land, where values were off on average by more than 7 percent compared...
Tags: Prices, Realty, Havre de Grace, Harford County, Values
It has become accepted economic wisdom that the only way to get control over America's looming budget deficits is to "reform entitlements." The accepted wisdom is wrong. Republicans trot out federal budget data showing a 32 percent increase in...
Bar the door, Nelly — the Fed has abandoned all restraint and will now print money to finance the federal deficit. To support the weak recovery, the Federal Reserve continues to keep short-term interest rates near zero, purchase mortgage-backed...
For better or worse, Marylanders may be more affected by the fiscal cliff tax deal than residents in other parts of the country. Maryland is one of the wealthiest states, and its residents have the nation's highest median income. That means they likely...
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