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Franchot Recommending Caution Regarding Fiscal Reserve

September 16th, 2019 by WCBC Radio

Wall Street is telling an ominous story about the fate of America's economy. According to a New York Federal Reserve model updated last week, the chance of a recession in the United States over the next 12 months climbed to 38% in August. The closely-watched model, based on the US Treasury yield curve, is up sharply over the past year, now standing at the highest level since the Great Recession. Maryland Comptroller Peter Franchot tells WCBC News, while Maryland is doing well, he always prefers to see the state proceed with caution when it comes to its fiscal reserve….

1 comment on this post.
  1. Mark Reiter:

    Way to stand your ground, Peter Franchot!! The only fiscally responsible Democrat that I know in Annapolis. Hold tight, my friend!!

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