Debt and Budget

Economics & Economy
3:45 pm
Mon May 20, 2013

Sequestration Cuts Affecting Some Meals on Wheels Programs

Credit Local Office on Aging, Roanoke

Sequestration cuts are starting to affect some Meals on Wheels programs throughout the Commonwealth. 

The Local Area on Aging in Roanoke is losing $96,000 from its Meals on Wheels program this federal fiscal year. 

That’s a fraction of the hundreds of thousands of dollars in losses the program is taking around the Commonwealth. 

Read more
Virginia Public Access Project
1:31 pm
Mon May 6, 2013

VaNews for 05.06.13

One method of paying for new roads in Virginia has hit a speed bump and a Hampton Roads man is in trouble for roughing up a city councilman’s car.

Those were two of the most clicked stories at the Virginia Public Access Project’s VaNews link.

VaNews is a free public service of the Virginia Public Access Project and can be found at vpap.org.

Read more
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.

Read more
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. 

Read more
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.  

Read more

Pages