Debt and Budget

Two-Year Fiscal Blueprint
9:17 am
Tue March 11, 2014

VA Lawmakers React to President's Budget

The president’s newly unveiled budget is rekindling a debate at the U-S Capitol over the role of the government in people’s lives.

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General Assembly
3:44 pm
Fri February 21, 2014

Playing Politics with the State Budget

One reason it's prudent for lawmakers to review the fine print of amendments offered to the Virginia state budget is because it may contain legislation that might not pass both houses on its own. Such is the case with an amendment approved by the House and attached to its version of the state budget. It directs the executive branch on how to proceed in controversial cases, such as the lawsuit challenging Virginia's same-sex marriage ban.

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General Assembly
4:37 pm
Thu February 20, 2014

The Tale of Two Budgets

It was budget day at the State Capitol.  The House and Senate mull over and pass their respective budget proposals, which are then sent to the opposite chambers. That's typically when the lines in the sand are drawn.  Although each version makes significant changes in former Governor McDonnell's 96-billion dollar draft, the lines were drawn well before today over one issue—Medicaid expansion.

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Debt Ceiling
5:00 pm
Wed February 5, 2014

VA Lawmakers Talk Legislative Hurdle

Reports that House Republican leaders are dropping efforts to tie legislation to the debt ceiling increase is being met with cheers from lawmakers in the region.

Many rank and file lawmakers wanted the G-O-P to extract a policy priority in exchange for the increase. Some wanted tweaks to so-called Obamacare while others wanted to expand energy development. Party leaders are reportedly pulling the plug on those efforts. Virginia Republican Congressman Scott Rigell says that’s good news.

“This is really the last major legislative hurdle that we face as a country this year.”

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Economic Outlook
9:43 am
Mon January 20, 2014

Federal Budget Impact on Virginia

The spending bill signed into law by the president last week has a lot in it for Virginia.

Virginia possibly makes out better than any other state from the one point one trillion dollar spending bill. The state’s economy took a hit in two thousand thirteen. Many federal contractors and workers suffered through pay cuts as they were furloughed. Then there’s the government shutdown which ripped around twenty four billion dollars out of the U-S economy. Northern Virginia Democrat Jim Moran says this bill provides the certainly the state has needed.

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