Maryland will delay the sale of more than $100 million worth of bonds for school construction amid the federal debt impasse, State Treasurer Nancy Kopp said Wednesday.
Such a maneuver moves the sale from Friday to next Monday.
Maryland was among five states Moody’s Investors Service flagged “for possible downgrade,” as lawmakers fight over raising the nation’s $14.3 trillion debt ceiling less than two weeks from the Aug. 2 deadline.
Gov. Martin O’Malley and other state lawmakers say a failure to raise the borrowing limit would wreak havoc on an already- fragile Maryland economy — and other states with a large contingent of federal workers.
