Local Leads: 2/18/10

News you need to know

By Charlie Bragale
|  Thursday, Feb 18, 2010  |  Updated 1:45 PM EDT
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Local Leads: Big Cuts, Oops Says GW, Dog Cot

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The following stories have been hand-selected by the Assignment Desk at News4:

WELCOME POTHOLES!
Goodbye snow, hello axle-busting potholes. The snowstorms that battered the region have left some roads more pockmarked than a hormonal teenager and kicked off a pothole season shaping up to be one of area's worst. (Examiner

GWU TO APPLICANTS, OOPS.
About 200 students who had sought early-decision admission to George Washington University received an e-mail last week that proclaimed "Congratulations" and welcomed them to the Class of 2014 -- for several hours.  (Washington Post)

BIG CUTS
Gov. Bob McDonnell announced proposals yesterday to cut $2.3 billion from the state budget, in part by shaving another $730 million off schools funding and $316 million from public health services. McDonnell, who took office a month ago, has been under fire from Democrats who wanted him to make public his own spending priorities as lawmakers try to craft a two-year budget with about $4 billion less in revenue than expected. (Fredericksburg.com)

MORTGAGE RATES DIP
Long-term mortgage rates fell to near record lows this week, according to Freddie Mac. Freddie Mac's weekly rate report says a 30-year fixed-rate mortgage fell to an average of 4.93 percent in the week ending Feb. 18, down from 4.97 percent last week. (Washington Business Journal)

DOG COT
Dogs around the world are resting comfortably right now because Mike Harding got laid off from his Wall Street firm in 1987.
That personal setback propelled Harding to open his own business, a company that evolved into Kuranda Dog Beds in Glen Burnie. The maker of a chew resistant cot for dogs, its customers include kennels and shelters from Annapolis to Great Britain and Hong Kong. (The Capital)

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