Md. comptroller on government shutdown: 'It could have a devastating impact'
(WUSA9) -- If the government shuts down, then impact could hurt local economies. WUSA 9's Jessica Doyle asked Maryland's comptroller, Peter Franchot, what he's expecting.
"Well, it could have a devastating impact because Maryland is a rich state. We're a great economy but we're joined at the hip to the federal government. Almost a third of all the economic activity in the state is attributable to the proximity to the federal government, so that's a huge problem for us and we desperately hope that the powers that be in Washington will work things out.
"Even if they don't, we have a real middle class employment and wage situation in Maryland," said Franchot.
They wrote down the withholding estimate for next year by $324 million. Franchot explained why that is important: "Those are middle class receipts coming in, and boy, it means we have an employment problem and we also have a wage growth problem."
One way he's looking at making adjustments is by calling for fiscal prudence going forward. What is that going the mean for the state of Maryland?
Franchot said, "What we need to do in Maryland, which we're not doing right now, is making priorities. Public safety, of course, education, environmental protection. We need to really prioritize health care. What we're spending money on and then we need to manage it a lot better."
Flames shot more than five-feet into the airThe accident and ensuing blaze consumed six-figures worth of alcoholOfficials say the accident happened when the elderly driver's ...
- Deerfield student: Whit Sheppard 'who was sexually abused at elite boarding school reveals his identity'
- Star Spangled Streaker! President's Cup livened up by almost-nude gatecrasher as America romps home to victory...and she managed to escape arrest
- Kerry Kennedy and daughter Mariah Cuomo soak up the sun on family yacht off the coast of Ischia in Italy
- Trio brutally beat man just because he accidentally stepped in their picture
- USNA superintendent discusses sexual assault case
- Salvation Army looks for donors to help angels
- More snow coming
- Shoplifter fired shots from security guard's gun
- Docs: Age brings more gynecologic concerns
- Pizza deliveryman robbed in Glen Burnie
- Harford, Cecil fires cause $120K in damage
- Mega Millions jackpot grows to $344 million
- 1 killed in Reisterstown house fire
- 7-Eleven clerk shot in Loch Raven