Debt and 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.

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.

VA Lawmakers Talk Legislative Hurdle

Feb 5, 2014

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.”

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%.