July 22, 2025

Maryland

Mortgage

Schiff denies Trump’s claims of mortgage fraud as Fannie Mae investigates senator

Sen. Adam Schiff (D-CA) on Tuesday denied accusations from President Donald Trump that he engaged in “possible mortgage fraud,” calling the allegations an attempt at “political retribution.”  Trump and Schiff have been at odds for years, with the Democratic senator having led a House impeachment of the president during his first term and establishing himself

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Crypto

House debates Pentagon spending, crypto as rescissions head to Senate

House members return to town this week to consider the fiscal 2026 Pentagon spending bill and crypto measures, while senators are staring at yet another vote-a-rama — this time on rescissions. While defense appropriations headlines the House’s week, the floor agenda is full even beyond that, with several significant financial services measures related to stablecoins

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Funds

State’s schools face potential loss of $232.1 million in federal funds, less than feared but still worrisome – Baltimore Sun

The good news is that the state’s schools are not going to lose $418 million in federal funding they feared was lost last month when federal officials abruptly announced they were clawing back unspent pandemic recovery funds. The bad news is that the state could still be out $232.1 million, the Maryland Board of Education

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Loans

Education Dept. collection of student loans in default worries some grads, appeases others – Baltimore Sun

The U.S. Department of Education’s plan to begin collecting federal student loans in default has caused anxiety among some Maryland graduates, while others say the time has come for them to accept fiscal responsibility. The Department of Education will begin collecting federal student loans in default on May 5, having issued a warning that borrowers

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Investment

Maryland needs investment in natural gas infrastructure

In a recent Baltimore Sun guest commentary entitled “Who’s to blame for Maryland’s rising utility bills,” Paul Pinsky, director of the Maryland Energy Association, writes about energy costs and lays blame for rising rates on Columbia Gas of Maryland’s pipeline replacement program, which is critical to the safety of our natural gas distribution system. To

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