With one month to go before we reach the fiscal cliff, Republicans are going to have to figure out how to do something serious for a change instead of grandstanding and avoiding specifics.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline. The vote was 74-26.
Maryland completed its effort to borrow $512.4 million Wednesday by selling general obligation bonds, getting a good response from investors despite the financial uncertainty churning around the debt limit debate in Washington.
The president held a town hall meeting Friday morning at the University of Maryland College Park.
As President Barack Obama and congressional leaders struggle to reach a debt-limit deal, state governments are bracing for the impact of a threatened Aug. 2 federal government default on their economies and budgets.
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