NATIONAL ECONOMY
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New VA program to help more than 40,000 veterans stay in their homes
The program is an attempt to prevent foreclosure actions against former military members still experiencing financial hardship post-pandemic.
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VIDEO: How rejecting the minimum wage bill affects Virginians
Did you hear? Yes, it’s true. Republican Governor Glenn Youngkin vetoed the minimum wage increase bills (House Bill 1 and Senate Bill 1). The minimum wage bill would have increased wages for over 600,000 workers in Virginia. @vadogwoodnews Did you hear? Yes, it's true. Republican Governor Glenn Youngkin vetoed the minimum wage increase bills (House…
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Budget deadlines loom for Youngkin, Democrats
Youngkin and Democrats have fought bitterly over an ill-fated major league sports arena and a slew of Democratic legislative priorities, raising questions over whether both sides can strike a budget compromise before the end of the fiscal year.
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VIDEO: Will small businesses really be affected by a minimum wage increase?
Both Senate Bill 1 and House Bill 1 were introduced by Democrats and passed on party-line votes in the House of Delegates and Virginia Senate without any Republican support. Both bills passed out of the other chamber within the last few weeks. Republicans say they aren’t in support of raising the minimum wage because of…
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VA religious leaders urge Youngkin to sign minimum wage increase bill
The legislation would raise Virginia’s minimum wage from the current rate of $12 per hour to $13.50 in 2025 and to $15 in 2026. Gov. Youngkin has until April 8 to either sign, veto, or recommend amendments to the legislation before lawmakers reconvene on April 17.
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Biden’s 2025 budget prioritizes lowering costs for families, taxing the rich
The president’s budget includes proposals to lower childcare costs, create a paid family leave program, lower drug costs, and strengthen Social Security and Medicare—all by raising taxes on the wealthy and corporations.
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Biden takes aim at high costs during State of the Union speech
Biden called on Congress to pass a mortgage relief credit that would give first-time homebuyers an annual tax credit of up to $5,000 a year for two years. He also endorsed legislation to build and renovate roughly 2 million homes and vowed to crack down on “big landlords who break antitrust laws by price-fixing and…
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Biden proposes new actions to address housing shortages and high costs
The actions announced last week will promote fairer rental markets, boost the supply of affordable housing and manufactured homes, and help families who are struggling to make ends meet.
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Biden caps credit card late fees at $8
More than 45 million Americans who are charged late fees on credit cards each year will save an average of $220 annually under the new rule.
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Biden demands grocery stores and food brands end ‘price gouging’ and ‘shrinkflation’
Grocery prices have risen by more than 20% since the beginning of the pandemic and in Virginia, grocery prices rose 3.6% from Nov. 2022 to Nov. 2023. In response, President Biden is demanding grocery chains and food brands lower their prices and stop ripping families off.
