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 More
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 More
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