| Aug 12, 2014
| 2:42 PM
Having escaped Washington for a few weeks, Rep. Robert C. "Bobby" Scott decided to catch up on some homework Tuesday — of the defense-related variety.
The Newport News Democrat spent part of the afternoon touring W&O Premier, a defense...
| Sep 13, 2014
| 5:38 PM
Members of Congress and the White House anticipated a peace dividend by winding down America's foreign wars, closing bases and shedding tens of thousands of troops.
But President Obama's new, open-ended strategy to confront Islamic State fighters in...
| Sep 15, 2014
| 6:26 AM
In Hampton Roads, the word "drone" has usually referred to unmanned military aircraft. But given shrinking defense budgets, local companies would like to take this technology to U.S. commercial markets.
Businesses want to use drones — unmanned...
| 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...
| 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.
| Feb 10, 2014
| 5:04 PM
WASHINGTON -- The House could vote as early as Wednesday on a bill that would raise the nation's debt ceiling and reverse a cut made to some veterans' benefits as part of the recent budget deal.
House Speaker John A. Boehner (R-Ohio) unveiled the...
| 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 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...