Tag: structural deficit

Federal debt crisis threatens state bond ratings

The federal debt crisis continues to threaten Maryland’s prized AAA bond rating, and “the state is likely to lose in almost any scenario,” Warren Deschenaux, the legislature’s chief fiscal analyst, told lawmakers Tuesday. If the federal debt cap is not increased, “I don’t see much in the way of a happy ending for the state,” Deschenaux told the Senate Budget and Taxation Committee.

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