U.S. Sen. Mark Warner’s bill allows victims of Wells Fargo’s fraud to seek their day in court

Friday, December 2, 2016

U.S. Sen. Mark Warner's bill allows victims of Wells Fargo’s fraud to seek their day in court

WASHINGTON—U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Banking Committee, introduced legislation to give Wells Fargo customers who were victims of a fraudulent account scheme their day in court. The bank was involved in a scandal this year after it was revealed that Wells Fargo employees secretly opened roughly 1.5 million bank […]

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Gov. McAuliffe requests federal disaster declaration following Hurricane Matthew

Friday, October 21, 2016

RICHMOND – Governor Terry McAuliffe today asked President Barack Obama for a federal disaster declaration for the Commonwealth of Virginia to address the damage sustained from Hurricane Matthew. The Governor requested Individual Assistance Programs and Small Business Administration (SBA) disaster loans for the cities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Virginia Beach, […]

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Lt. Gov. Northam and Ed Gillespie neck and neck on fundraising for 2017 gubernatorial election

Wednesday, July 13, 2016

Lt. Gov. Northam and Ed Gillespie neck and neck on fundraising for 2017 gubernatorial election

Lt. Gov. Ralph Northam, Democratic candidate and nominee for Virginia governor, raised over $1 million in its first financial report in 2016. Northam has over $1.4 million cash on hand as of the June 30th reporting deadline. Northam was barred from all fundraising for 60 days during the legislative session.  The Northam campaign raised an […]

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Lowest Virginia unemployment rate since May 2008 at 3.8 percent

Friday, June 17, 2016

Virginia’s seasonally adjusted unemployment rate declined by 0.1 percent in May and is now at 3.8 percent—the lowest rate since the May 2008 rate of 3.8 percent. Virginia’s seasonally adjusted unemployment rate remains below the national rate, which fell 0.3 percentage points in May to 4.7 percent. In May, Virginia’s seasonally adjusted nonfarm employment was […]

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Microsoft to acquire LinkedIn for $26 billion – video

Monday, June 13, 2016

Microsoft to acquire LinkedIn for $26 billion - video

Have a LinkedIn account? Have LinkedIn stock? Microsoft today announced that it will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain its distinct brand, culture and independence. LinkedIn CEO Jeff Weiner will remain. Chairman of the board, Reid Hoffman, co-founder and […]

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Virginia State revenue behind forecast going into June

Monday, June 13, 2016

May revenue collections for the Commonwealth increased 6.4 percent from a year ago. On a fiscal year-to-date basis, total revenue collections rose 1.9 percent but is behind the annual forecast of 3.2 percent growth. Governor McAuliffe stated “Although collections were positive for the month, payroll withholding and sales tax collections continue to underperform estimates, underscoring […]

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AG Herring and watchdog group encouraged by CFPB proposed payday & car title rules

Thursday, June 2, 2016

AG Herring and watchdog group encouraged by CFPB proposed payday & car title rules

According to the State Corporation Commission, in 2015, Virginia payday lenders made more than 350,000 loans totaling more than $137 million to more than 112,000 borrowers. The average borrower took out more than 3 loans per year at an average annual interest rate of 231%. Virginia car title lenders in 2015 made more than $161 […]

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Fair Medicare Hospital Payments Act corrects low Medicare reimbursements in rural areas

Friday, April 22, 2016

Fair Medicare Hospital Payments Act corrects low Medicare reimbursements in rural areas

In an August 15, 2015, letter to Senator Mark Warner written by Sean Connaughton, President and CEO of Virginia Hospital & Healthcare Association (VHHA) he asked Sen. Warner to co-sponsor the Fair Medicare Hospital Payments Act when introduced. U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) say they introduced the Fair Medicare Hospital […]

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Virginia fiscal year-to-date revenue collections rose 2.7 percent, slightly behind the annual forecast

Wednesday, April 13, 2016

RICHMOND – Governor McAuliffe announced today that general fund revenue increased 7.5 percent in March as payroll withholding and sales tax collections increased.  On a fiscal year-to-date basis, total revenue collections rose 2.7 percent, behind the annual forecast of the 3.2 percent growth. “As we enter the fourth quarter of the fiscal year, we believe […]

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VHHA appreciates Gov. McAuliffe’s efforts to protect health care

Thursday, December 17, 2015

RICHMOND, VA – The Virginia Hospital & Healthcare Association (VHHA) today released the following statement in response to Governor Terence R. McAuliffe’s proposed budget for Fiscal Years 2017 and 2018. In his budget speech, the Governor broached the idea of a proposed assessment on Virginia’s acute care hospitals to fund the state’s costs associated with […]

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Gov. McAuliffe’s budget includes increased funding for education, raises for state employees

Thursday, December 17, 2015

Gov. McAuliffe's budget includes increased funding for education, raises for state employees

Despite federal sequestration Governor Terry McAuliffe Virginia faced a $2.4 billion dollar state budget shortfall. These cuts disrupted strategic planning and severely harm the state’s economy. “Now, the economic landscape has changed for the better, Congress is getting its act together, and we have a genuine opportunity to take the next step forward,” he said. He […]

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City of Roanoke Redevelopment and Housing Authority receives HUD funds

Monday, December 7, 2015

The City of Roanoke Redevelopment and Housing Authority will receive $161,460  of  HUD funds to provide resources to help public housing residents and voucher recipients increase incomes, reduce dependency on welfare and subsidies. U.S. Sens. Mark R. Warner and Tim Kaine announced the 18 Virginia localities that will receive more than $1.5 million in grants […]

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