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Debt Ceiling Deal: Local Lawmakers Discuss Final Hours Of Negotiations

Maryland and Virginia lawmakers are closely examining a deal to raise the federal debt ceiling and reduce the deficit announced by President Obama late last night.

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Federal Contractors Watching Debt Ceiling Talks Closely

The President of the Greater Washington Board of Trade says a federal government default on the country's debt could be ten times worse for the D.C. area than a government shutdown.

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Federal Default Would Hit The District Especially Hard

As the debt ceiling crisis escalates on Capitol Hill, concerns are growing about the impact of a possible default on the District government and the thousands of federal employees who live in the area.

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Arlington Man Sentenced For Stealing $218,000 From FTC

A former supply clerk for the Federal Trade Commission has been sentenced to 18 months in prison for making thousands of dollars in unauthorized purchases.

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Va.'s Retirement System May Need Larger Share of Taxpayer Dollars

The Virginia Retirement System had an exceptionally good return on its investments this year. But with less than 75 percent of future liabilities currently funded, a larger share of taxpayer dollars may be needed to fully restore the pension fund.

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Local Lawmakers See Little Wiggle Room In Debt Ceiling Debate

This week President Obama is attempting to revive negotiations to raise the nation’s debt ceiling, and local lawmakers are acknowledging the tough road ahead for negotiators.

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Md. Could Lose $2 Million Per Home Game If NFL Cancels Season

Maryland, which is home to two NFL football teams, would lose an estimated $40 million in tax revenues if the NFL's season is canceled because of a labor dispute, according to the Maryland comptroller's office.

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Foreclosure Prevention Group Jeopardized By Funding Cuts

Though the pace of foreclosures has slowed, some worry that looming federal funding cuts could put organizations that offer free foreclosure prevention counseling out of business.

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GOP Lawmakers Rain On Virginia Surplus Parade

News that Virginia may end the fiscal year with at least a $100 million budget surplus has prompted mixed reactions from Republican lawmakers.

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