Economy
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Price-fixing conspiracy in US oil industry cost families money, reports allege
Analysis of corporate profits and accusations of collusion by the FTC lend support to the idea that a broader oil industry conspiracy drove up post-Covid inflation for everyday Americans.
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The super rich and big corporations to face more scrutiny from Biden’s IRS
Using an infusion of funds provided by President Biden’s Inflation Reduction Act, the IRS has already collected more than $520 million from 1,600 millionaires who had unpaid tax bills of more than $250,000.
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New Biden rules deliver automatic cash refunds for canceled flights, ban surprise fees
Under the new rules, passengers will no longer have to navigate customer service systems to receive refunds for canceled flights or fall prey to low advertised base fees without full disclosure of extra costs.
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Biden makes 4 million more workers eligible for overtime pay
The US Department of Labor says updated regulations will increase income thresholds to ensure lower-income salaried employees are fairly compensated when they work more than 40 hours per week.
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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.
