Debt and Budget

Federal Budget Impact on Virginia

Jan 20, 2014

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.

The Money Game

Aug 14, 2013

As the saying goes, it takes money to make money.  But where does that leave the four billion people around the world who live below the poverty line? 

A Virginia Tech Professor is tackling that problem from a new perspective.  

Most people have heard the term ‘micro finance.’  Cooperatives lend small amounts of money to entrepreneurs and small businesses. The concept began in developing nations to help women start their own businesses. Experts say poor people who receive these loans repay them at the astounding rate 99.7%.

Division Over Medicaid Overhaul

Jun 18, 2013

The General Assembly panel tasked with deciding whether Virginia should expand its Medicaid program or not held its first meeting–in a room packed with expansion opponents, many representing groups such as Americans for Prosperity.

The Senators and Delegates wasted no time getting up to speed on the complex facts about how the program currently operates.

The IRS has agreed to release 115 million dollars in Medicaid fraud settlement money to the Commonwealth just hours after Virginia Attorney General Ken Cuccinelli accused the agency of holding out on the 125 million owed to the state.

This comes at a time when the IRS is under scrutiny for its spending and other questionable practices, but the Attorney General says that's just a coincidence. And as Virginia Public Radio’s Tommie McNeil reports, after months of trying to get the agency to ante up, he spoke about the problem through the media in the hope of getting a response. 

Virginia's Attorney General Ken Cuccinelli is accusing the IRS of refusing to release $125-million  in settlement funds to Virginia.  It comes at a time when the IRS is under scrutiny for its spending and other questionable practices, but the Attorney General says that's just a coincidence.

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