Sequestration

Economics & Economy
3:45 pm
Mon May 20, 2013

Sequestration Cuts Affecting Some Meals on Wheels Programs

Credit Local Office on Aging, Roanoke

Sequestration cuts are starting to affect some Meals on Wheels programs throughout the Commonwealth. 

The Local Area on Aging in Roanoke is losing $96,000 from its Meals on Wheels program this federal fiscal year. 

That’s a fraction of the hundreds of thousands of dollars in losses the program is taking around the Commonwealth. 

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Sequestration and Defense Industry
5:05 pm
Mon April 29, 2013

Bracing for Cutbacks

While other states with a high military presence brace for the effects of sequestration, Virginia leaders are preparing for a double whammy with the possibility of another Base Realignment and Closure of key facilities.  

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Economics & Economy
2:28 pm
Sun April 28, 2013

Air Traffic Controllers Back to Work

Lawmakers in the region are divided over a measure to give more flexibility to the FAA while leaving strict spending requirements in place for other parts of the government.

Airport delays caused by the sequester may soon be a thing of the past.  The legislation gives the FAA flexibility so air traffic controllers can get back to work.

Critics say those budget cuts only impact a small minority of the public, like business people and lawmakers themselves, while other parts of sequestration are hitting more vulnerable populations, like low income school children.

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Effects of Sequestration
4:22 pm
Thu April 18, 2013

The Future of Public Housing

The Chair of the Virginia Housing Commission says the future of public housing will be the panel’s primary focus for this year, as thousands of the Commonwealth’s children, families, and veterans could be homeless within months—as a result of sequestration.

U.S. Department of Housing and Urban Development Deputy Secretary Maurice Jones says federal sequestration has resulted in 5% reductions in nearly all of HUD's programs—and that translates to the non-renewal of homeless assistance grants and vouchers to more than 125,000 individuals:
 

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Government & Politics
5:47 pm
Thu March 28, 2013

Battle Over The Debt Ceiling

The government is now funded through September, but another deadline is hanging over Congress that imperils the economy of Virginia.

The last time Congress wrangled over the debt ceiling the federal government lost its triple A credit rating. Credit rating agencies say Virginia could also lose its pristine credit rating if the federal government gets locked in partisan warfare once again.

That could make borrowing more expensive for cash strapped locales, according to Virginia Democrat Gerry Connolly.  

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