WHSV - Money

Panel Looking at Updating WV's Tax Code
Members of a panel looking at ways to update West Virginia's tax laws say counties and municipalities should have more flexibility when it comes to collecting taxes.
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Geithner Urges Congress to Overhaul Financial Rules
Treasury Secretary Timothy Geithner says Congress must keep pushing forward to overhaul the nation's badly flawed financial rules because revamping the system is essential for the health of the economy.
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VA Budget Shortfall Could be in the Billions for Next Two Years
Virginia lawmakers have learned that state government could experience a budget shortfall of nearly $3 billion in the next two fiscal years.
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VA Revenues Continued Two-Year Slide in October
State tax collections continued a steady decline in October, reflecting continued weakness in the economy.
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Rockingham County Has Lowest Cost for Thanksgiving Dinner
A Thanksgiving meal will cost Virginians less than usual this year.
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Budget in VA Has Grown for Ten Years
Virginia's budgets have grown overall by 74 percent this decade, largely powered by factors like population growth, inflation and economic conditions.
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VA CTB Has to Scale Projects Back Again
An anticipated $600 million reduction in available revenue over the next six years is forcing the Commonwealth Transportation Board to scale back its projects.
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Proposals to Revamp WV Tax Code to be Released
A project created to revamp West Virginia's tax system is preparing to release its preliminary recommendations.
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Mixed Retail Reports for October
The nation's retailers are reporting mixed sales results for October.
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Mixed Results on Wall Street After Reserve's Assessment
Investors have done a late-day turnaround and left stocks mixed after the Federal Reserve gave an encouraging assessment of the economy.
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Wall Street Gets Lift from Commodity Prices
Stocks have ended mostly higher as rising commodity prices lifted energy, industrial and materials companies.
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Lagging Revenues Threaten Budget Deficit in WV
Lagging tax revenues are threatening West Virginia state government with a budget deficit.
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Weak Economy Takes Toll on WV Lottery's Revenue
A weak economy is taking its toll on the West Virginia Lottery's revenue.
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U.S. House Moves to Prevent Shutdown of Cabinet-Level Departments
The House has approved a stopgap spending measure to avoid a shutdown for 11 Cabinet-level departments whose budgets won't be enacted by a midnight Saturday deadline.
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Struggling Moorefield-Based Bank Announces Profit
Troubled Summit Financial Group says it turned a third-quarter profit, despite battling bad housing and construction loans in the Eastern Panhandle and Virginia's Shenandoah Valley.
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Stocks Slide on News of Weaker Housing Market
Signs of a weaker housing market and a gloomier outlook on the economy are giving investors more reasons to dump stocks.
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Homebuyer Credit Influence Wanes and Home Sales Drop
Sales of new homes dropped unexpectedly last month as the effects of a soon-to-expire tax credit for first-time owners started to wane.
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WV Looking at Economic Outlook
The national economy shows signs of improving, but it's hard to say when that might start filtering down to the everyday level of jobs and paying bills.
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Bernanke Says Congress Should Revamp Regulatory System Now
The Federal Reserve chairman says now is the time for Congress to do its part to revamp the financial regulatory system.
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WV Bank Says Greenbrier Resort Loans Big Chunk of Problem Assets
City National Bank of West Virginia says residential construction loans at The Greenbrier Resort account for a big share of its problem assets.
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Obama Calls Executive Compensations Offensive to Values
President Barack Obama says Americans' values are offended by excessive paychecks for executives whose companies were bailed out by taxpayers.
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Earning Reports Push Stocks Out of Two-Day Slide
Investors encouraged by a good batch of earnings reports and forecasts have moved back into stocks after a two-day slide.
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Estimate Shows Health Care Tab Would Grow After Overhaul
A new government estimate finds that the nation's health care tab, already the biggest of any advanced country, would increase even more under health care overhaul legislation in the House.
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Highest Paid Executives at Seven Companies May Take Compensation Cuts
The Obama administration plans to order companies that received huge government bailouts last year to sharply cut the compensation of their highest paid executives.
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WV Looking at How Must Stimulus Money Spent
The Manchin administration has so far spent around $250 million from West Virginia's share of the federal stimulus.
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Federal Deficit Surges to All-Time High
The federal budget deficit surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the financial system and jump-start the economy.
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Sign Up to Get Reminders from VA Department of Taxation
The Department of Taxation this week introduces E-Subscriptions, a new service for keeping subscribers informed about the tax types that interest them most.
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Expert Warns Credit Card Holders
A new credit card reform bill aims to get card holders out of debt and put an end to predatory lending, but it could also mean more money out of your pocket.
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Brazilian Company May Buy Pilgrim's Pride
One of the Valley's largest employers took another step toward getting out of bankruptcy Wednesday.
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Webb Calls on Senate to Extend Jobless Benefits
Sen. Jim Webb (D-VA) called on the Senate Wednesday to pass a comprehensive proposal, which he cosponsored, to extend unemployment insurance by up to 14 additional weeks for jobless workers in all 50 states.
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Dow Closes Above 10,000
The Dow Jones industrial average is back above 10,000 for the first time in a year.
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VA Finances Continued Plunge in September
Virginia's tax collections continued to lag in September, even against the same disastrous month in 2008 that saw frightening meltdowns in the stock markets.
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Kaine Highlighting Already Smoke-Free Spots
With just about 50 days to go before the Commonwealth’s landmark smoking ban goes into effect, Gov. Timothy M. Kaine is joining dining patrons and community leaders across Virginia Thursday to highlight restaurants that have already gone smoke-free.
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Federal Deficit Triples
Congressional analysts say the federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week.
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Stimulus Fund Use Criticized in VA
A letter to Gov. Tim Kaine from the head of the U.S. House Transportation and Infrastructure Committee blasts Virginia for being the last in the nation to put to use federal stimulus highway money.
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Garnishing WV Taxpayer Refunds to Cover Debts
The West Virginia State Tax Commissioner Christopher G. Morris announced Monday municipalities may request a taxpayer’s state personal income tax refund be offset in order to settle debts.
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Kaine Launches Amnesty for Delinquent Taxpayers
Gov. Timothy M. Kaine helped launch Monday Get Square VA, a program administered by the Virginia Department of Taxation offering amnesty to delinquent taxpayers who pay their back taxes between October 7 and December 5.
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Stocks Still Below 10,000 Despite Improved Economic View
The stock market is encouraged by the Fed's latest improved assessment of the economy, but not enough to propel the Dow Jones industrial average past 10,000.
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Discussing the Burden of Health Insurance Premiums in VA
While speaking to a group of State Insurance Commissioners Tuesday, Vice President Joe Biden highlighted a new White House report documenting the burden of health insurance premium increases on Virginia families.
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Commonwealth Giving Tax Evaders Chance to Pay Up
Virginia is giving tax evaders and delayers an opportunity to pay up without penalty in an amnesty program that officials hope will bring $41 million to the cash-strapped state.
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VA Gets Grant to Help Provide Health Care Access to Small Firm Workers
Gov. Timothy M. Kaine announced Monday that Virginia has been awarded $912,658 by the U.S. Department of Health and Human Services through its new State Health Access Program to provide greater access to affordable health coverage for workers in Virginia’s small firms.
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Kaine Announces Economic Impact of Tourism in 2008
Gov. Timothy M. Kaine announced Wednesday the annual economic impact figures for tourism in Virginia.
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Dominion Offering Sessions to Help Low-Income VA Customers Save
Dominion Virginia Power is holding information sessions around the state to help low-income customers and people with financial problems learn how to reduce their energy usage and pay their bills.
VA Colleges Face Cuts, Tuitions May Go Up
Virginia's finance secretary outlined details Tuesday of proposed funding cuts to public colleges and universities as the state's higher-education agency considers what to request in the upcoming two-year budget.
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VA Revenues Continue Slide
Virginia's tax collections remained weak in August, down 6.6 percent for the month and 7.3 percent off the budgeted goal for the new fiscal year.
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WV Ranked for Holding Up During Recession
A new report ranks West Virginia among just a handful of states managing the fiscal stress brought on by what some have dubbed the Great Recession.
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Cashing in on Gold
The price of gold is up above $1,000 an ounce.
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U.S. Supreme Court Looking at Campaign Donations
There are signs that the Supreme Court may be ready to let businesses and unions spend freely to support political candidates.
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Staunton Creates Business Grant
Staunton and the city Creative Community Fund announced a $200,000 grant for new business owners Tuesday.
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Labor Day Travel Boosts Business
Labor Day weekend is coming to an end, and many travelers hit the road early Monday afternoon to head home.
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