| Dec 16, 2012
| 7:38 AM
As the fiscal cliff looms, two of Maryland's most influential congressmen have a message for those looking to the federal workforce for more savings: Look somewhere else.
"Federal workers have already been asked to sacrifice as part of the budget cuts...
| Feb 28, 2013
| 10:48 AM
WASHINGTON -- Officials at the Woodlawn-based Social Security Administration informed employees they do not anticipate furloughs when across-the-board federal budget cuts go into effect, the union that represents many of those workers said Thursday.
| Dec 13, 2012
| 12:16 PM
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...
| Mar 1, 2013
| 3:19 PM
With the BWI Marshall Airport terminal as a backdrop, Democratic members of Maryland's congressional delegation took turns Friday bashing mandatory federal budget cuts they said could harm not only air travel but local businesses that rely on passenger...
| Feb 28, 2013
| 3:38 PM
Drawing parallels between government spending policy and household finances has its perils. There's an extraordinary difference in scale, for one thing.
And there's the matter that people will often argue against government debt on the grounds that debt...
| Mar 1, 2013
| 1:24 PM
The Johns Hopkins Hospital and Health System leadership sent this letter today outlining how much federal budget cuts will cost the medical system.
From: Paul B. Rothman and Ronald R. Peterson [mailto:firstname.lastname@example.org]
Sent: Friday, March 01,...
| Mar 8, 2013
| 1:52 PM
When Congress and the White House failed to make a deal on budget cuts March 1, sequestration went into effect, requiring federal agencies to identify $85 billion in required cuts.
The looming reductions, which will be spread across agencies —...
| Mar 22, 2013
| 5:06 PM
The Federal Aviation Administration plans to close five air traffic control towers in Maryland — among 149 nationwide — to comply with across-the-board budget cuts mandated by Congress, a move that could clog operations at BWI Marshall...
| Dec 5, 2012
I wish President Barack Obama would explain to the nation that the federal budget deficit isn't the nation's major economic problem and deficit reduction shouldn't be our major goal.
Our biggest problem is lack of good jobs and sufficient growth. And...
| Dec 4, 2012
| 9:32 AM
Watch out, folks, this could get bumpy.
With the release Monday of a proposal, or something approximating one, from House Republican leaders on a way to avert the "fiscal cliff," we now have the opening positions from both parties, neither of which...
| Mar 6, 2013
| 9:54 AM
Economist John Kenneth Galbraith once observed that there are two kinds of market forecasters, those who don't know and those who don't know they don't know. That is well illustrated by the current disconnect between Wall Street and Main Street, as the...
| Dec 6, 2012
| 7:45 AM
Maryland said today that it has formed a commission that, among other tasks, will recommend which of seven athletic teams – eliminated in budget cuts last June 30 – may be reinstated.
The commission will be headed by Barry Gossett, a...