Debt and Budget

Economics & Economy
2:28 pm
Sun April 28, 2013

Air Traffic Controllers Back to Work

Lawmakers in the region are divided over a measure to give more flexibility to the FAA while leaving strict spending requirements in place for other parts of the government.

Airport delays caused by the sequester may soon be a thing of the past.  The legislation gives the FAA flexibility so air traffic controllers can get back to work.

Critics say those budget cuts only impact a small minority of the public, like business people and lawmakers themselves, while other parts of sequestration are hitting more vulnerable populations, like low income school children.

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Transportation
8:51 am
Fri April 12, 2013

Weighing in on Transportation Funding

While Virginians wait for the dust to settle and lawmakers breathe a sigh of relief that the transportation funding battle is over, the nonprofit Commonwealth Institute for Fiscal Analysis has combed through the rubble to examine its effects. 

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Social Security Benefits
9:42 am
Thu April 11, 2013

Reaction to "Chained CPI" in Budget

A large contingent of Virginians says it will pressure congressional representatives to vote against a proposal by the Obama administration that cuts into Social Security benefits.

The AARP is part of the group that says the "Chained CPI" proposal breaks the promise made to millions of Americans. 

While the Consumer Price Index calculates inflation through the costs of basic goods, the Chained CPI factors in lower demand and the substitutions that consumers make when costs are higher.  Thus, it lowers cost-of-living adjustments for inflation.  

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Education
12:56 pm
Fri April 5, 2013

Teachers Weigh in on the General Assembly Session

The dust has settled in Richmond.  Lawmakers and lobbyists have gone home, and educators are licking their wounds after failing to get much more money for public schools. 

Barbara Coyle is neatly dressed and coifed – polite and professional -- but a measure of frustration simmers under the surface when she talks about the plight of Virginia schools.

“The state dollars have been declining, the federal dollars have been declining and it’s been put back to the localities to make up that difference.”

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Education Reform
4:26 pm
Wed April 3, 2013

Governor's School Takeover Amendments Rejected

The House has shot down one of Governor McDonnell's budget amendments during the General Assembly’s Reconvened Session. 

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