About three months ago there was a discussion on the creation of a joint Augusta County and Staunton committee that would work to get economic cooperation between the county and city.

STAUNTON – The federal stimulus package and bailouts of financial institutions are difficult but necessary to combat economic woes equivalent to “a 100-year-flood’’ and war, Sen. Mark Warner told local constituents Thursday.

Top federal and state officials on Monday announced a broad crackdown on mortgage modification scams, accusing “criminal actors” of preying on desperate borrowers caught up in the nation’s housing crisis.

Difference in pay for women presents unique challenges

Gov. Timothy M. Kaine today announced a series of legislative amendments meant to aid displaced workers and ease the impact of the economic downturn.

Stimulus money proves a positive puzzle for schools

The reckless lending practices in states like Florida, California and Nevada that were the epicenter of the housing crisis are no longer driving up the nation’s delinquency rate.

GM has received $13.4 billion in federal loans as it tries to survive the worst auto sales climate in 27 years.

Stock markets in Europe and Asia rebounded Wednesday ahead of an expected solid opening on Wall Street amid mounting hopes that China will soon announce a big stimulus package that could help limit the length and depth of the recession in the industrialized world.

Pastures District Supervisor Tracy Pyles is proposing a revised county ordinance setting aside the Augusta County reassessment for two years that incorporates an existing state law and new legislation that lacks Gov. Timothy M. Kaine’s signature.

Higher taxes for affluent Americans would not come until 2011 once “we are safely into recovery,“ Geithner told the tax-writing House Ways and Means Committee.

The committee will look into how changes to federal bankruptcy law in 2005 have affected the abilities of companies like Circuit City to restructure, said Jonathan Godfrey, a spokesman for the House Judiciary Committee.

STAUNTON – Staunton school employees, in addition to facing a salary freeze, will have to pay increased health premiums following the School Board’s unanimous decision Wednesday to shift some burden onto them in order to balance its fiscal year 2010 budget.

The Staunton School Board approved just over $15,000 in cuts to R.E. Lee High School’s athletics budget as part of its efforts to balance the fiscal year 2010 budget.

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