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With budget deal, Maryland businesses breathe sigh of relief

It wasn’t until the wee hours of Friday morning that Congress finally passed a two-year deal that staves off harsh spending reductions and averts a credit default, setting aside most of the big fights over the federal budget for the remainder of President Barack Obama’s term.

At $80 billion, the latest accord is modest by Washington budget standards.

But in Maryland, where federal spending powers a large portion of the economy, many businesses said they were just grateful a deal — any deal — had been reached.

Read full article here from The Baltimore Sun



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