Virginia Faces Shortfalls From Fiscal Cliff, Report Details | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Virginia Faces Shortfalls From Fiscal Cliff, Report Details

Play associated audio

A new report expected tomorrow will detail the financial problems Virginia faces if the federal government goes over the "fiscal cliff."

The non-partisan State Budget Crisis Task Force says Virginia could lose almost 123,000 jobs and $7.3 billion in wages. It points out that Virginia has failed to fund its transportation needs for decades, and education funding has been falling for years.

"Absent increased investment, which either is going to come at the expense of something else or will require additional revenues, Virginia is going to fall behind in the future," says Frank Shafroth, the director of the Center for State and Local Leadership at George Mason University.

The task force was created by former chairman of the Federal Reserve Paul Volcker and former New York Lieutenant Governor Richard Ravitch in 2011.

NPR

Online Art Sites Aim To Fill Gap Between Etsy And Sotheby's

Let's say you're not a millionaire but you're still interested in buying affordable art from the comfort of your living room. There's now a burgeoning business of selling mid-priced art online.
NPR

No Resume? Criminal Background? No Problem At This Yonkers Bakery

Social justice is part of the recipe at New York's Greyston Bakery. The firm, whose clients include Ben & Jerry's, hires locals whose legal status or work history might otherwise make them unhirable.
NPR

Senate Blocks Measures To Extend NSA Data Collection

The Senate worked late into the night but was not able to figure out what to do about expiring provisions in the Patriot Act that authorize the NSA's bulk collection of Americans' phone records.
NPR

The Future Of Cardiology Will Be Shown In 3-D

The Living Heart Project aims to create a detailed simulation of the human heart that doctors and engineers can use to test experimental treatments and interventions.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.