Economy and Economics

President Obama was in Newport News, Virginia today highlighting the impact of pending budget cuts on the state's defense industry. Virginia Republicans are glad the president is highlighting the state's robust defense industry. But Virginia Congressman Randy Forbes says the president's time would have been better spent in Washington negotiating with congressional leaders.

Payday Lending

Feb 15, 2013

Many lawmakers and advocates still have abolishing predatory lending practices in Virginia on their agenda… although it hasn't been discussed much this legislative session. But one organization says that since the General Assembly passed reforms, fewer people have been trapped by the high-interest loans that were supposed to be temporary assistance for those with a financial crisis.

Transportation Bill Update

Feb 14, 2013

The Virginia Senate has voted for a transportation-funding bill that increases the gas tax, removes most of Governor McDonnell’s proposals, and allows Northern Virginia and Hampton Roads to raise extra revenue.