Tag: debt ceiling
Van Hollen: Failure to raise the debt ceiling would be the ‘economic equivalent’ of detonating a ‘nuclear weapon’
U.S. Sen. Chris Van Hollen, D-Md., said Tuesday that he hopes Republicans will ease their opposition to raising the debt ceiling if Democrats agree to decouple that proposal from a bill to fund the government and thus prevent an unprecedented pandemic-era shutdown.
Read MoreFranchot sounds alarm as state gets close to approaching its debt limit
As the world is still reeling from the partisan gridlock in Washington over raising the federal debt ceiling, Comptroller Peter Franchot sounded the alarm on Wednesday over a project that may force Maryland to have to raise its own debt limit.
The project, a 20-year lease for the Maryland Economic Development Corporation to sell bonds to construct and equip a new state Public Health Laboratory in the Johns Hopkins University Science + Technology Park, will cost the state $15.3 million a year.
Read MoreDebt ceiling vote creates strange bedfellows
The votes on the debt ceiling deal in Congress made strange bedfellows in Maryland’s congressional delegation.
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