WAMU 88.5 : Morning Edition

Filed Under:

Maryland Board Recommends State Debt Limit Increase

Play associated audio

A Maryland panel wants to raise the state's debt limit in the next fiscal year, but the move is facing opposition from at least one financial official in the state. The Capitol Debt Affordability Committee voted Monday to recommend Maryland increase its debt limit another $150 million beyond the current limit, which is $925 million, according to the Associated Press. 

Governor Martin O'Malley's administration believes the increase is affordable as revenues have grown faster than projected. State budget secretary T. Eloise Foster argues the borrowed money will help Maryland invest in infrastructure and boost jobs while interest rates are low. 

But state comptroller Peter Franchot voted against the change. He believes there are too many questions about the economy and instead of increasing debt, the state should increase financial restraint, according to AP.

NPR

Jack Davis, Cartoonist Who Helped Found 'Mad' Magazine, Dies

Money from a job illustrating a Coca-Cola training manual became a springboard for Jack Davis to move from Georgia to New York.
NPR

Cookie Dough Blues: How E. Coli Is Sneaking Into Our Forbidden Snack

Most people know not to eat raw cookie dough. But now it's serious: 46 people have now been sickened with E. coli-tainted flour. Here's how contamination might be occurring.
NPR

Regulators Draw Up New Rules To Stop Abusive Practices By Debt Collectors

The Consumer Financial Protection Bureau receives more complaints about debt collection than any other issue.
NPR

Writing Data Onto Single Atoms, Scientists Store The Longest Text Yet

With atomic memory technology, little patterns of atoms can be arranged to represent English characters, fitting the content of more than a billion books onto the surface of a stamp.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.