| Dec 13, 2013
The budget agreement reached by the House and Senate this week is a small step forward in restoring some sanity and order to the process. By putting in place a bipartisan plan for the next two years, the agreement represents a much-needed improvement over...
| Dec 14, 2013
| 5:30 PM
WASHINGTON — That Congress could soon pass a budget agreement after months of relentless partisan showdowns is thanks in large part to a mom in tennis shoes.
Sen. Patty Murray presented herself in that ordinary way when she first ran as a Democrat...
| Nov 4, 2013
| 3:00 AM
While it's not uncommon for any negotiation to begin with a degree of doubt, it's difficult to imagine any launched with as little optimism as accompanied the opening last week of federal budget talks. That President Barack Obama could possibly still be...
| May 1, 2014
| 3:32 AM
When it comes to economic uncertainty, 2013 was the worst year for Hampton Roads, the director of Old Dominion University's economic forecasting team said after a Wednesday presentation in Newport News. This year should be better for both business and...
| Apr 15, 2014
| 4:15 PM
Newport News Shipbuilding and NASA Langley Research Center in Hampton are feeling the pinch of budget uncertainty in Washington, but Sen. Tim Kaine says Congress might clear that up in the coming weeks.
The Virginia Democrat toured both facilities...
| Apr 1, 2014
| 3:22 PM
WASHINGTON -- The austere Republican budget proposal from Rep. Paul D. Ryan would slash federal spending to pre-Eisenhower levels, but the "turbo cuts" on every aspect of government -- except the military -- are still not enough to reach his promise of...
| Mar 21, 2014
| 6:09 AM
WASHINGTON -- Fitch Ratings on Friday upgraded its outlook for the U.S. AAA credit rating, removing the nation from a downgrade watch after politicians put off another debt limit battle until next year.
The company, one of three major credit rating...
| Mar 7, 2014
| 7:07 PM
Along with the Johns Hopkins University's distinction for its nation-leading haul of federal research dollars comes another for charging the government more for utilities, administrative staff and real estate than any other institution.
| Mar 16, 2014
| 5:00 AM
How's the U.S. economy doing?
If you're rich, the answer is "fabulously."
Here are some data points from Diane Swonk, chief economist for Mesirow Financial in Chicago. "Spending at luxury retailers has come back," she told the Senate Finance Committee...
| Feb 24, 2014
| 6:40 PM
The Army would shrink to its lowest troop levels since just before World War II under a budget proposed Monday by the Obama administration that seeks to downsize the Pentagon in ways that could have a significant impact on service members and...
| Feb 24, 2014
| 10:56 PM
WASHINGTON — The Army will shrink to its lowest troop levels since before World War II under a budget proposed Monday by the Obama administration that seeks to downsize the Pentagon from the wartime buildup of the last 13 years, and calls for...