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Congress

Sen. Tim Kaine, D-Va., left, and Sen. Mark R. Warner, D-Va., confer as the Senate Budget Committee works on the markup of the Fiscal Year 2025 Budget Resolution, on Capitol Hill in Washington, Feb. 12, 2025. (AP Photo/J. Scott Applewhite)
Mar 27, 2025

Canada is not our enemy, Kaine says

U.S. Sen. Tim Kaine, Virginia’s junior Democratic senator, feels strongly that Canada doesn’t pose a national security threat to the United States — a contrast to President Donald Trump, who has threatened the Great White North with tariffs as retaliation for what he says are insufficient efforts at keeping drugs from coming across its border. […]

Scott Bessent, United States Secretary of the Treasury, speaks at an Economic Club of New York luncheon in New York, Thursday, March 6, 2025. (AP Photo/Seth Wenig)
Mar 26, 2025

US could run short of money to pay its bills by August without debt limit deal, CBO says

WASHINGTON (AP) — The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between lawmakers and the White House, according to a Congressional Budget Office report Wednesday. By that time, the government […]

Mar 15, 2024

Senators hear case for cutting American workweek to 32 hours

WASHINGTON — In 1955, Walter Reuther, head of what was then known as the United Automobile Workers (UAW), told a Senate hearing that coming technological advancements would make a four-day workweek possible. That was the last Senate hearing on the subject for nearly 70 years. The Senate Health, Education, Labor and Pensions Committee finally ended […]

Carrie Hunt, president and CEO of the Virginia Credit Union League, says that many Virginians live in banking deserts. Photo by Caroline Martin
Jan 30, 2023

Members only

Credit unions in Virginia would like to grow their membership, but a rule change relaxing the state’s policy is not in the cards this spring. This year’s short General Assembly session — in an election year with a split legislature — makes it harder to pass bills with any controversial elements, and any major expansion […]

Nov 29, 2022

2022 Political Roundtable: Red wave? Maybe a puddle

On balance, Democrats came out winners in the 2022 midterm elections, having staved off a widely forecast “red wave” of Republican victories, according to panelists at Virginia Business’ annual Political Roundtable, held Nov. 9 in Richmond. The idea of a red wave or “red tsunami” was “perhaps … a bit of a myth … largely […]

Sep 29, 2022

On the cusp

Once again, Virginia is a significant factor in this year’s national electoral playing field, in which Democrats are jockeying to stay in power and Republicans are anticipated to make midterm gains. Three congressional districts in the commonwealth — all held by Democratic female incumbents — are considered vulnerable to the GOP by differing degrees. The competitive races […]

U.S. Rep. Elaine Luria, D-Norfolk, is facing a potentially tight race for re-election to a third term. Photo by AP Images/Graeme Sloan
Jun 28, 2022

Midterm murkiness

Republicans look to extend their 2021 wins in state elections as they closely eye congressional targets in November’s midterm elections. Democrats hold seven of the state’s 11 congressional seats, with three of those having changed hands during the last midterms in 2018. U.S. Reps. Elaine Luria of Norfolk, Abigail Spanberger of Glen Allen and Jennifer […]

“Congress is looking at ways to raise additional revenue and taxes and ultimately [may] discourage people from investing in IRAs,” says Jeff Grinspoon, managing director and partner of VWG Wealth Management at Hightower Advisors in Vienna. Photo by Will Schermerhorn
Nov 19, 2021

Supersize means

Watch your nest egg, particularly if it is extra-large. As Congress scrambles to hike taxes on the wealthy and fund trillions of dollars in social spending, legislators see a potential goldmine in so-called mega individual retirement accounts. Mega IRAs, defined as individual retirement accounts containing at least $5 million, are being touted as a hot […]

Bernie Niemeier. Photo by Caroline Martin
Aug 30, 2021

Political Kool-Aid

Depending on who’s in charge in Dee Cee, plans alternate on what is best for the U.S. economy. The choices are seemingly reduced to tax cuts versus government spending, but things are rarely as they seem. More accurately, these choices are two different sides of the same dollar — or trillions of dollars to be […]

Mar 26, 2021

Va. community clinics receive $79M in federal funding

U.S. Sens. Mark Warner and Tim Kaine announced Friday that 26 community clinics in Virginia will receive $79 million in funding through the $1.9 trillion American Rescue Plan federal stimulus package. Warner also introduced legislation this week to support other community clinics — most run by health systems in the state’s rural areas — by […]

Mark Warner (left) and Daniel Gade
Sep 23, 2020

Warner, Gade face off in debates as Election Day draws near

With a little more than a month to go until the Nov. 3 general election, it is now officially political debate season, with the first debate between incumbent U.S. Sen. Mark Warner and Republican opponent Daniel Gade scheduled for the evening of Wednesday, Sept. 23. Virginians will vote in the presidential election this year as […]

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