Tuesday, March 12, 2013
A new poll released by Goucher College shows that Marylanders see negative effects on local and national economies but not always their own finances.
A majority of Marylanders say they are concerned about the effects of the federal sequester on state and national economies even if they aren't sure it will affect them personally, according a poll released Tuesday afternoon. The poll released by the Sarah T. Hughes Field Politics Center at Goucher College found that 75 percent of those surveyed said the automatic federal spending cuts that went into effect March 1 will negatively impact the state economy while 68 percent said the cuts would hurt the national economy. National Issue, Local Effect Closer to home, only 47 percent of those surveyed said the cuts would negatively impact their own personal finances. Mileah Kromer, director of the Sarah T. Hughes Field Politics Center, said the …
Thursday, February 28, 2013
With billions of dollars of federal spending in the balance, local officials and business owners are sizing up the impact of the expected cuts.
As Maryland braces for the impact of the looming federal budget sequestration, many in Laurel are taking stock of how the city will weather the cuts. The sequester, which is set to begin March 1, will reduce federal spending in areas of education, military, health, and law enforcement, potentially putting a chokehold on job creation and important services for families and children. Because Laurel does not receive federal grants directly, Michele Saylor, director of the Department of Budget and Personnel Services, believes the sequester won't be a major issue for city finances. But, said Saylor, “the city government receives a portion of the income tax paid by the residents of Maryland. If [government workers] are furloughed and their …
Over 20,000 federal employees in the county are bracing for fiscal impact.
The numbers here show the federal employees in Maryland by county in 2012, according to the latest figures from Eye on Washington, a DC-based lobbying firm that tracks federal employment. It compiles the data from the Office of Personnel Management, Federal Employment Statistics and the Bureau of Labor Statistics. While much has been made written on how the current sequestration battle in Washington could affect the national economy, these numbers are meant to give readers a sense of the sequestration at the local level. Here in the Washington, DC region, county officials, including Prince George's County Executive Rushern Baker, have urged congressional leaders to come to compromise on the sequester. No one knows for certain what the …
Tuesday, February 26, 2013
Automatic cuts slowing local federal business.
Local business and political leaders are speaking out about possible harmful effects to the local economy if the federal government’s plan to make automatic cuts, dubbed sequestration, happens next month “The worst part about it is the lack of predictability,” said Howard County Executive Ken Ulman, on the C4 Show Thursday morning. Without action from Congress, the sequester would go into effect automatically on March 1, reducing spending in a number of areas, including education, the environment, health, military and law enforcement, the White House said. On the show, Ulman said the federal government hasn’t provided information about what jobs will be cut or furloughed due to the pending sequestration. “We have lots of folks that work …
Saturday, February 23, 2013
The Department of Defense could see spending cuts of more than 9 percent, leading to possible furloughs for civilian workers.
With the threat of deep budget cuts lingering, officials at Fort Meade are preparing for the need to carry out missions with fewer resources Congress has yet to reach an agreement to stop the automatic cuts known as the sequester, which would force $85 billion in across-the-board cuts to government spending in 2013, including more than $40 billion to the Department of Defense. The cuts would begin to take place on March 1, barring a new agreement from Congress and President Obama. "Every program gets a cut, so their base operating budget will get a cut, and they'll have to figure out how to do less with less," said Katherine Hammack, the assistant secretary of the Army in charge of installations. "I won't say more with less, because it'…
Thursday, February 21, 2013
The Department of Defense could see spending cuts of more than 9 percent, leading to possible furloughs for civilian workers.
With the threat of deep budget cuts lingering, officials at Fort Meade are preparing for the need to carry out missions with fewer resources. Congress has yet to reach an agreement to stop the automatic cuts known as the sequester, which would force $85 billion in across-the-board cuts to government spending in 2013, including more than $40 billion to the Department of Defense. The cuts would begin to take place on March 1, barring a new agreement from Congress and President Obama. "Every program gets a cut, so their base operating budget will get a cut, and they'll have to figure out how to do less with less," said Katherine Hammack, the assistant secretary of the Army in charge of installations. "I won't say more with less, because it…
Tuesday, February 19, 2013
Prince George's, Montgomery, Howard County officials say federal spending cuts would wreak havoc on local economy.
Ranking officials in Prince George's, Montgomery and Howard County are urging Congress to come to a compromise that could avert steep cuts in federal spending—known as the sequester—set to go into effect on March 1. “Sequestration would feel like a cold to most of the nation, but to [Prince George's County] and the rest of the Washington metropolitan area, it would feel like a bad case of pneumonia," read a statement attributed to Prince George's County Executive Rushern Baker in a release issued by the county executives of Montgomery, Howard and Prince George's counties. "One-quarter of the federal workforce in this region are residents of Prince George's County, so many of them are eagerly awaiting a positive conclusion to this …
CP
9:32 am on Thursday, March 14, 2013
According to the CBO Obama entitlements and unfunded liabilities will cost 90 trillion! more ›