Friday, April 12, 2024 | Baltimore, MD
Baltimore, MD
Mostly Cloudy

Moore administration prepares for federal shutdown as potential default looms

May 26, 2023

Amid uncertainty about whether congressional leaders and the White House will reach a deal to save the U.S. from defaulting on its debt, Gov. Wes Moore’s administration is preparing for a federal government shutdown, a senior aide to the governor said. But, state officials would be in uncharted territory trying to cushion the blow of a calamity lasting more than a few days. Maryland has the cash reserves to weather “a couple of days” of the country being in default, the governor’s aide said.

Article Source: The Daily Record

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.