Maryland officials warn of private-sector impact if U.S. steps over fiscal cliff

An article in The Washington Post shares details of a memo prepared by the administration of Governor Martin O'Malley regarding the potentially detrimental impact of spending cuts on Maryland's economy. The article states:

The memo goes on to warn, however, that Maryland’s economy is “especially vulnerable to the retrenchment of federal spending” because 5.6 percent of Maryland jobs are federal, compared to an average of 2.2 percent nationally. Many additional Maryland jobs in the defense and other industries exist because of the federal presence in the region.

Read the full article online at The Washington Post.