| Aug 5, 2014
| 10:00 PM
While we endure endless speculation about who will run for president in 2016, an important question is being left unaddressed: How will the ultimate winner be able to take any useful action?
In answering, let's make two stipulations. One, the national...
| 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...
| May 20, 2014
| 6:45 PM
Sen. Mitch McConnell's easy victory over his tea party opponent in Kentucky's Republican primary Tuesday presents a tidy storyline: the establishment strikes back.
In the primary season so far, McConnell and fellow GOP incumbents have successfully out-...
| 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...
| Mar 4, 2014
| 6:03 PM
Like many Democrats, President Obama greeted last December’s budget deal the way a hungry child greets a carrot stick: It wasn’t what he wanted, but it was acceptable under the circumstances.
“This agreement doesn’t include...
| Apr 22, 2014
| 11:10 AM
Lockheed Martin Corp., the U.S. government's top contractor, said its first-quarter profit jumped 23 percent, topping analysts' estimates even as federal budget cuts sapped sales.
Net income from continuing operations rose to $933 million, or $2.87 a...
| 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...
| 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...
| 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...
| 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...
| Sep 30, 2013
| 6:30 AM
There is apparently a new cabinet position at the White House, one created and filled in secret, but whose occupant is starting to make his or her presence known.
Of course, I'm talking about the Secretary of Twitter.
Does anyone seriously believe...
| Dec 11, 2013
| 9:16 AM
Congress averted another government shutdown by reaching an $85-billion budget deal late Tuesday night, but the new agreement, critics say, leaves out one vulnerable group of Americans: the long-term unemployed.
At the end of the year, federal...