The former CEO of Baltimore Racing Development says interest payments from a two-month loan taken out before the start of the Baltimore Grand Prix ended up draining the funds needed to pay city taxes.
Internal documents show Baltimore Grand Prix organizers face more than $12 million in debt and have less than $100,000 in cash on hand.
Increasingly gripped by stalemate, Republicans and Democrats on a congressional deficit-reduction supercommittee now seem to be devoting more time to assigning blame than working through the sharp differences that divide them.
A Democrat serving on a “supercommittee” responsible for recommending more than $1 trillion in deficit cuts says it’s “still unclear” that the panel will succeed.
States that borrowed billions from the federal government to keep unemployment benefits flowing through the recession now have to start paying those loans back, and they’re hitting businesses with new assessments and higher taxes to make that happen.
The Democrat discussed the issue Sunday morning on ABC’s “This Week” where he called the downgrade a mistake.
An emotional return. Congresswoman Gabrielle Giffords is back in Houston Tuesday after her surprise visit to Congress.
An economic disaster averted. The debt deal is done after weeks of tense negotiations.
People in Maryland are keeping a close eye on what’s happening in Washington.
Frustration for Republicans, Democrats and, most of all, the American people. The president and the Speaker of the House took to the airwaves Monday night to defend their debt plans.
The president will go back to school Friday, holding a town hall meeting at the University of Maryland. Thursday hundreds lined up in College Park for the chance to ask the president a question.
Rep. Chris Van Hollen says the congressional impasse over raising the U.S. debt ceiling could be resolved by a simple, up-or-down vote.