A report from the global credit rating agency Moody’s Ratings shows shrinking the federal government is creating a bigger recession threat to Maryland than any other state in the U.S.
The report notes federal wages account for more than a fifth of gross income in the state’s counties.
Earlier this month, the state lowered its revenue forecast to account for the federal layoffs.
The assessment also points to the fact that Maryland was already struggling with a growing budget gap before the job cuts.
Click here to read the rest of the article written by Kellye Lynn over at WJLA News Channel 7
