Economy and Economics

Economics & Economy
7:11 am
Fri October 18, 2013

Tobacco Settlement to Benefit Rural Virginia Communities

Credit www.history.org

It’s been difficult to attract business and provide more opportunities to some of the more economically distressed parts of Virginia, but there’s hope for those areas through the national tobacco settlement. Although the money is being applied to areas within the Commonwealth’s tobacco region, HOW it's being applied will directly impact surrounding areas and indirectly boost the state's economy.

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Budget Negotiations under Deadline
4:00 am
Tue September 10, 2013

Congress Gets Busy

As Congress resumes this week after its month long break there are a lot of pressing issues facing lawmakers that have a big impact on the economy in Virginia.

A handful of Virginia lawmakers were some of the loudest voices calling for Congress to fore go its August break and get serious negotiations underway on budget issues.

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Economics & Economy
5:28 pm
Mon August 19, 2013

Some Dismiss Governor's Budget Boast

The governor’s speech was not well received in certain circles.  Some democrats and economists say McDonnell  should not claim credit for low unemployment or another budget surplus.

Under his leadership, the governor says Virginia has created more than 172,000 new jobs and the unemployment rate is just 5.5% -- the lowest in the Southeast.  UVA economist Terry Rephan says Virginia does better than other states when it comes to employment, regardless of who is governor.

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Budget Outlook
5:25 pm
Mon August 19, 2013

Commonwealth Ends Fiscal Year with Surplus

Governor McDonnell has announced a $585-million surplus for the state fiscal year that ended in June. 

The General Assembly’s money committees greeted him with warm applause before he outlined the condition of the Commonwealth’s budget outlook. 

The Governor shared the credit and thanked lawmakers of both parties for work that’s resulted in surpluses during a tough economy.

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America's Jobs
8:25 am
Thu August 15, 2013

Virginia Jobs and Taxes at the Center of Debate

Credit www.cnn.com

With Congress in recess for the month President Obama is preparing to continue pressuring Republicans to work with him on job creation. Members of Virginia’s congressional delegation say that while his speeches rev up his base he still isn’t trying to work with the G-O-P.

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