#economic-recovery
FEMA denies Maryland’s appeal for flood aid to Allegany and Garrett counties
The Federal Emergency Management Agency has again denied Maryland’s request for federal disaster relief following the devastating floods that struck Allegany and Garrett counties in May. The decision, which also rejected an appeal filed by Governor Wes Moore, leaves residents and local governments in the state’s western panhandle without anticipated federal recovery funding. The flooding caused extensive damage to homes, roads, and public infrastructure, prompting state and loca
FEMA denies Maryland’s appeal for flood aid to Allegany and Garrett counties
The Federal Emergency Management Agency has again denied Maryland’s request for federal disaster relief following the devastating floods that struck Allegany and Garrett counties in May. The decision, which also rejected an appeal filed by Governor Wes Moore, leaves residents and local governments in the state’s western panhandle without anticipated federal recovery funding. The flooding caused extensive damage to homes, roads, and public infrastructure, prompting state and loca
Bank of America’s Guide to Keeping Accounts Active and Avoiding Escheatment
Bank of America has issued essential guidelines for customers to help them avoid their accounts being labeled as abandoned property. Accounts that show signs of inactivity for extended periods, often more than three years, are at risk of being classified as abandoned and subsequently turned over to the state. This process is called escheatment, and it can result in the loss of access to your funds if not managed properly. However, the bank provides several proactive steps for customers to kee
Bank of America’s Guide to Keeping Accounts Active and Avoiding Escheatment
Bank of America has issued essential guidelines for customers to help them avoid their accounts being labeled as abandoned property. Accounts that show signs of inactivity for extended periods, often more than three years, are at risk of being classified as abandoned and subsequently turned over to the state. This process is called escheatment, and it can result in the loss of access to your funds if not managed properly. However, the bank provides several proactive steps for customers to kee
Sri Lanka Vows to Complete Debt Restructure by Year-End
Sri Lanka has committed to completing its foreign debt restructuring by the end of December 2023, aiming to address its $46 billion external debt. After defaulting on debt in April 2022, the country has been working on rebuilding its finances with help from an IMF bailout. Deputy Minister Anil Jayantha Fernando confirmed that debt restructuring, which has been delayed for over two years, is critical for the country's economic recovery. The restructuring includes international sovereign bo
Sri Lanka Vows to Complete Debt Restructure by Year-End
Sri Lanka has committed to completing its foreign debt restructuring by the end of December 2023, aiming to address its $46 billion external debt. After defaulting on debt in April 2022, the country has been working on rebuilding its finances with help from an IMF bailout. Deputy Minister Anil Jayantha Fernando confirmed that debt restructuring, which has been delayed for over two years, is critical for the country's economic recovery. The restructuring includes international sovereign bo









