| Aug 13, 2014
| 9:00 PM
The release of the annual Social Security Trustees Report brought out the same stale arguments from both the optimists and the pessimists who have been around for decades. The pessimists insist that Social Security is going broke, and the optimists...
| Jul 28, 2014
| 2:30 AM
The biggest surprise in financial markets this year is the strong performance of bonds. You may recall that bond prices fell (and yields rose) last year after the Federal Reserve began to reverse its easy-money policies. With yields still near...
| Oct 15, 2013
| 11:15 AM
NEW YORK – The prospect of a U.S. debt default has unnerved investors, corporate executives and foreign leaders.
What's so troubling about Congress failing to raise the nation’s debt ceiling by Thursday? Here are basic facts about the debt...
| Oct 9, 2013
| 6:17 PM
Until recently, the markets largely ignored the political jockeying over whether to raise the federal debt ceiling, figuring there's no way Congress would purposely default on the nation's obligations and potentially throw the U.S. economy into another...
| Oct 13, 2013
After plunging early in the week over fears that the United States might default on its debts, stocks rallied Thursday and Friday after House Republicans showed a willingness to temporarily extend the debt ceiling for six weeks.
Investors clearly were...
| Jun 11, 2013
| 7:32 PM
The state-owned Hyatt Regency Chesapeake Bay resort in Cambridge continues to deplete a reserve fund to cover its semiannual debt payments because it is not making enough money.
The state withdrew $2 million from the reserve June 1, cutting the fund's...
| Jun 15, 2013
| 1:15 PM
The Maryland Economic Development Corp. expects to fall short next year on payments to investors who bought the bonds that funded the Hyatt Regency Chesapeake Bay, a state-owned golf resort hotel and conference center on the Eastern Shore.
| Jun 20, 2013
| 6:09 PM
NEW YORK — This year's dizzying stock market rally was halted with the biggest one-day plunge of the year.
The Dow Jones industrial average slumped almost 354 points Thursday amid fears that the economy will slow now that the Federal Reserve has...
| Sep 22, 2013
| 11:26 AM
Last week: Florida League of Cities Federal Action Strike Team is trying to get Congress to pass the Marketplace Fairness Act, and not cap Municipal Bonds — federal issues that affect municipalities. The Marketplace Fairness Act grants states the...
| Jun 30, 2013
All options are on the table, including a sale, as Baltimore officials review ways to improve the finances of the city's money-losing convention center hotel — and brace for the likelihood of tapping the city's general fund to cover debt payments...
| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...