An economist explains the perfect storm of conditions that led to the recent global financial crisis, the actions that kept it from getting worse and how to reduce the likelihood of a similar event in the future.

Northern Virginia social service providers are seeing record numbers of people receiving federal food assistance, thanks in part to more people being eligible and greater efforts to find those in need.

A conversation with Grover Norquist. As fiscal cliff negotiations move forward, some lawmakers are rethinking their support of Norquist's anti-tax pledge.

Cyber Monday purchases are expected to exceed expectations for another year, but Maryland officials aren't expecting the same of the state's "use tax" which is supposed to be voluntarily paid by online purchasers.

Virginia lawmakers are proceeding cautiously with state budget planning due to the still unresolved federal fiscal cliff that could result in major federal budget cuts come January.

Raising rates versus limiting deductions and loopholes: tax policy debate in Washington and efforts to raise tax revenues by $1.6 trillion over the next decade.

Oil industry groups are asking the SEC to stop the implementation of a law pushed by a local senator.

A Maryland fiscal advisory board is recommending that the state increase its debt limit by $125 million, which would bring the total debt limit up above $925 million. 

Kojo talks to Knight Kiplinger about the future of business media and personal finance in an age of economic uncertainty.

Sheila Bair describes the 2008 financial crisis and its aftermath as she saw it during her time as chairman of the Federal Deposit Insurance Corporation. She explains why the U.S. financial system is still at risk and tougher regulatory reform is needed.