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A collection of news and information related to Fiscal Cliff published by this site and its partners.
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Governor McDonnell offers modest spending increase in budget speech
Live Video app for Facebook by UstreamGov. Bob McDonnell's cautious revisions to Virginia's two-year budget target modest spending increases for indigent health care, conditional raises for teachers and a $128 million deposit into the state's rainy day...
Tags: Prisons, Conservation, Bob McDonnell, Regional Authority, Career and Workplace
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Congressman Hurt has high hopes for 113th Congress
WDBJ7 ReporterCongressman Robert Hurt believes the new congress will find more common ground to resolve national budget issues. Today the fifth district congressman visited businesses and honored the Danville Welcome Center's 10th anniversary. The newly sworn in...Tags: U.S. Congress, Robert Hurt
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Race tracks like Martinsville Speedway get incentives from the "fiscal cliff" law
WDBJ7 ReporterTax breaks for everyone from Hollywood to Martinsville filled the so called fiscal cliff law. Many in Congress admit they didn't realize 74 billion dollars worth of new spending was in the bill first introduced to reduce the deficit. The new law...Tags: Crime, Law and Justice, Labor Legislation, Career and Workplace, International Speedway Corp., Auto Racing
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Senator-elect Tim Kaine confident that Congress can avoid fiscal cliff
WDBJ7 Senior ReporterSenator-elect Tim Kaine says he's confident Congress will work out a short-term deal to avoid going over the fiscal cliff. He said Thursday that he will work with Democrats and Republicans in the search for a long-term solution. Kaine says...Tags: Parties and Movements, U.S. Congress, Democratic Party, Politics, Republican Party
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Governor McDonnell releases list of possible cuts totaling $132 million
The so-called 'fiscal cliff' is only a couple weeks away. If Congress doesn't make a deal concerning the debt before January 1, you will see funding cuts in education, safety and other areas. Virginia's Governor isn't taking chances. His office recently...
Tags: Lynchburg (Lynchburg, Virginia), Government, Regional Authority, Politics, Executive Branch
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Tax season most likely won't start on time
WDBJ7 ReporterTax season starts next week, but you may not be able to start on some of those critical forms until mid-February. The Fiscal Cliff deal and the Affordable Care Act put the I-R-S in a bind. Accountants say that's trickling down, that tax filings almost...Tags: Patient Protection and Affordable Care Act
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Environmental group says don't "blow" this opportunity when it comes to wind energy incentives
reporter"Our message today to Congress, don't throw wind off the fiscal cliff," says Sarah Bucci, Environment Virginia. The clock is ticking and this group doesn't want to be caught under the buzzer. Explains Bucci, "Incentives are benefits in place to build...Tags: Conservation, Wind Power, Weather Reports, Taxation, Jim Webb
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Economists explain fiscal cliff meaning, effects
WDBJ7 ReporterYou've heard plenty about the fiscal cliff, but what does it all mean? The first thing that economists we spoke with said that "cliff" is a bad term. Slope would be the way to go. Everything that could happen as a result of a deal not being reached...Tags: Congressional Budget Office, Politics, Public Finance
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Senator Mark Warner won't run for governor
U.S. Senator Mark Warner announced today that he would not make a run for the governor's office ending speculation that he might run for another term in Richmond. He called his term as governor "the best job I ever had" but says he wants to be a...
Tags: Elections, Democratic Party, Richmond (Richmond, Virginia), Government, Regional Authority
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Governor McDonnell says federal actions cloud budget picture
Gov. Bob McDonnell says this year's state budget picture is even more uncertain than usual. The governor is putting together his proposed amendments to the two-year budget for the General Assembly to consider when the 2013 session convenes in January....
Tags: Barack Obama, Government, Bob McDonnell, Regional Authority, Executive Branch
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Obama: Wealthy must see higher taxes under plan
President Barack Obama says raising taxes on wealthiest Americans must be part of deficit reduction plan but says he is "open to compromise" and "new ideas." Obama says he will refuse to accept any approach that "isn't balanced." Obama says in his...
Tags: Elections, White House, Barack Obama, Politics
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Oklahoma senators embrace disaster aid after opposing Sandy relief bill
ReutersBy David Lawder WASHINGTON, May 21 (Reuters) - Amid expressions of horror, grief and resolve over the devastating tornado that smashed into suburban Oklahoma City, many U.S. lawmakers expressed relief on Tuesday that they took action in January to bulk...Tags: Parties and Movements, Television Industry, Harry Reid, FEMA, Politics
Dec 17, 2012
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Jan 8, 2013
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Jan 3, 2013
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Dec 6, 2012
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Dec 3, 2012
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Jan 14, 2013
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Nov 28, 2012
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Nov 27, 2012
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Nov 20, 2012
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Nov 19, 2012
|Story| AP Broadcast
Nov 9, 2012
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May 21, 2013
|Story| Reuters
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