Maryland Board Recommends State Debt Limit Increase | WAMU 88.5 - American University Radio

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

'Guardians' Director: This Movie Needed Me!

Morning Edition's David Greene talks to director James Gunn about his new film, Guardians of the Galaxy, which Marvel hopes to make its next big franchise. Characters include a raccoon and a tree.
NPR

Syracuse Researchers Melt Rock, Grill A Steak Over Magma

Researchers at the university built a furnace that can melt rock, then had a cookout. Chefs placed a ribeye on a grill over the 2,100-degree magma. Seconds later, a very charred, medium rare steak.
NPR

Assessing Obama's Foreign Policy After A Week Of Crises

Politico Magazine editor Susan Glasser and Washington Post columnist Anne Applebaum talk with Linda Wertheimer about how the president's foreign policy moves are playing out at home and abroad.
NPR

Big Data Firm Says It Can Link Snowden Data To Changed Terrorist Behavior

For months, U.S. officials have said secret data from former NSA contractor Edward Snowden was affecting the way terrorists communicate. A Massachusetts company says it has found proof.

Leave a Comment

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