Debt and Budget

Hands-On Micro-Financing
4:00 am
Wed August 14, 2013

The Money Game

Assistant Professor Akshay Sharma, at center, works with women participating in a micro lending collective, which pays for basic entrepreneurial ventures.

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%.

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Government & Politics
1:20 pm
Tue June 18, 2013

Division Over Medicaid Overhaul

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.

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Virginia Medicaid Fraud Settlement
8:39 am
Thu June 6, 2013

IRS Releases Medicaid Fraud Settlement Money

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. 

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Medicaid Fraud Settlement
4:34 pm
Wed June 5, 2013

AG Wants IRS to Release Settlement Money

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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Alternative to Refund Checks
4:00 am
Tue May 28, 2013

Va Tax Dept Debit Cards

Those debit cards that the Virginia Department of Taxation issued to taxpayers instead of checks are not going anywhere. In fact, as the tax season wraps up, most residents have already seen them.

Getting rid of tax-refund checks was supposed to save the state money.  Taxpayers had the option of cashing out the card, transferring funds, or using it as a point-of-sale card or at an ATM.  But they were charged fees and were often confused about how to access funds. Burns said he didn't receive many complaints, though.  

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