*Virginia Editor Tipoffs Newsletter for Thursday June 26, 2025 ( 36 items ) |
Aldersgate Federal Credit Union Conserved
ALEXANDRIA, Virginia, June 24 -- The National Credit Union Administration issued the following news release:
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Aldersgate Federal Credit Union Conserved
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ALEXANDRIA, Va. (June 18, 2025) - The National Credit Union Administration today placed Aldersgate Federal Credit Union in Marion, Illinois, into conservatorship. Member services will continue while the NCUA works to resolve issues affecting the credit union's operations.
Member deposits at Aldersgate Federal Credit Union remain prot
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Aldersgate Federal Credit Union Conserved
ALEXANDRIA, Virginia, June 25 -- The National Credit Union Administration issued the following news release:
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Aldersgate Federal Credit Union Conserved
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ALEXANDRIA, Va. (June 18, 2025) - The National Credit Union Administration today placed Aldersgate Federal Credit Union in Marion, Illinois, into conservatorship. Member services will continue while the NCUA works to resolve issues affecting the credit union's operations.
Member deposits at Aldersgate Federal Credit Union remain prot
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Beyer Statement on Proposed Plans to Relocate HUD and NSF Headquarters
WASHINGTON, June 25 -- Rep. Don Beyer, D-Virginia, issued the following news release:
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Beyer Statement on Proposed Plans to Relocate HUD and NSF Headquarters
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Congressman Don Beyer (D-VA) today issued the following statement after Department of Housing & Urban Development (HUD) Secretary Scott Turner, Virginia Governor Glenn Youngkin, and Commissioner of the General Services Administration (GSA) Public Buildings Service Michael Peters announced plans to relocate the Department of Housi
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Bipartisan, Bicameral Letter Questions Bypassing Opportunity To Open US Patent & Trademark Office (USPTO) Southeast Regional Outreach Office (SEROO) in Atlanta
WASHINGTON, June 25 -- Rep. Lucy McBath, D-Georgia, issued the following news release:
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Bipartisan, Bicameral Letter Questions Bypassing Opportunity To Open US Patent & Trademark Office (USPTO) Southeast Regional Outreach Office (SEROO) in Atlanta
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Washington, DC - Congresswoman Lucy McBath (GA-06) joined Congressman Hank Johnson (GA-04), Ranking Member of the Judiciary Subcommittee that oversees the U.S. Patent & Trademark Office, in sending a letter to Coke Morgan Stewart, acting dir
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Chairmen Steil, Jordan, and Comer Subpoena Current and Former ActBlue Employees
WASHINGTON, June 26 -- Rep. Bryan Steil, R-Wisconsin, chairman of the House Administration Committee, issued the following news release on June 25, 2025:
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Chairmen Steil, Jordan, and Comer Subpoena Current and Former ActBlue Employees
WASHINGTON - Committee on House Administration Chairman Bryan Steil (WI-01), House Committee on the Judiciary Chairman Jim Jordan (OH-04), and Committee on Oversight and Government Reform Chairman James Comer (KY-01) issued two subpoenas, to a current and a
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Congressman Johnson Leads Letter Questioning USPTO's Decision Not To Open ATL Southeast
WASHINGTON, June 25 -- Rep. Henry C. 'Hank' Johnson Jr., D-Georgia, issued the following news release:
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Congressman Johnson Leads Letter Questioning USPTO's Decision Not To Open ATL Southeast
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Bipartisan, Bicameral Letter Questions Wisdom of Bypassing Opportunity To Open US Patent & Trademark Office (USPTO) Southeast Regional Outreach Office (SEROO) in Atlanta
WASHINGTON, D.C. - Congressman Hank Johnson (GA-04), Ranking Member of the Judiciary Subcommittee that oversees the U.S. Pate
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Credit Union Assets, Loans Outstanding and Net Income Increase
ALEXANDRIA, Virginia, June 24 -- The National Credit Union Administration issued the following news release:
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Credit Union Assets, Loans Outstanding and Net Income Increase
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ALEXANDRIA, Va. (June 5, 2025) - According to the latest financial performance data released today by the National Credit Union Administration (NCUA), total assets in federally insured credit unions rose by $60 billion, or 2.6 percent, over the year ending in the first quarter of 2025, to $2.37 trillion. During the
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Credit Union Assets, Loans Outstanding and Net Income Increase
ALEXANDRIA, Virginia, June 25 -- The National Credit Union Administration issued the following news release:
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Credit Union Assets, Loans Outstanding and Net Income Increase
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ALEXANDRIA, Va. (June 5, 2025) - According to the latest financial performance data released today by the National Credit Union Administration (NCUA), total assets in federally insured credit unions rose by $60 billion, or 2.6 percent, over the year ending in the first quarter of 2025, to $2.37 trillion. During the
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Development Special Experience opportunities available now
JOINT BASE SAN ANTONIO-LACKLAND, Texas, June 25 -- The U.S. Air Force Joint Base San Antonio-Lackland issued the following news:
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New Development Special Experience opportunities available now
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JOINT BASE SAN ANTONIO-RANDOLPH, Texas - Developmental Special Experiences provide Air and Space Professionals more than just education and training opportunities, they help the service build the Airmen needed for the future high-end fight.
The DSEs, cataloged by Air Education and Training Com
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Federal Reserve Bank of Richmond: 'Banks in Space'
RICHMOND, Virginia, June 24 (TNSLrpt) -- Research from the Federal Reserve Bank of Richmond in June 2025 delves into the dramatic spatial expansion of U.S. banks following the deregulation of the 1980s and 90s, revealing how large banks strategically sorted into diverse markets to fuel their growth. The study, titled "Banks in Space" (WP 25-03), offers a novel "spatial theory of banking" that explains the shift from local, small banks to nationwide, multi-branch giants.
Authored by Ezra Oberfie
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Federal Reserve Bank of Richmond: 'Failing Banks'
RICHMOND, Virginia, June 24 (TNSLrpt) -- A June 2025 study from the Federal Reserve Bank of Richmond, "Failing Banks" (WP 25-04), challenges long-held theories about the causes of bank failures, asserting that deteriorating bank fundamentals, rather than sudden, non-fundamental runs, are almost always the primary culprit. The research, which spans 160 years of U.S. banking history, suggests that bank failures are highly predictable using simple accounting metrics.
Co-authored by Sergio Correia
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Federal Reserve Bank of Richmond: 'Human Capital Investment: Would Higher-Order Skills Help Disconnected Youth?'
RICHMOND, Virginia, June 24 (TNSLrpt) -- Strategic investments in human capital, particularly focusing on "higher-order" skills like critical thinking, teamwork, and self-control, hold significant promise for re-engaging the millions of young people currently not in employment, education, or training (NEET). This is a central finding of a June 2025 analysis from the Federal Reserve Bank of Richmond.
In the economic brief "Human Capital Investment: Would Higher-Order Skills Help Disconnected You
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Federal Reserve Bank of Richmond: 'Max-Share Misidentification'
RICHMOND, Virginia, June 24 (TNSLrpt) -- A working paper from the Federal Reserve Bank of Richmond in June 2025 warns that a widely used econometric technique, known as "max-share identification," may be systematically misidentifying crucial economic shocks like Total Factor Productivity (TFP) news and business cycle shocks. The paper, titled "Max-Share Misidentification" (WP 25-02), argues that the method relies on "substantially more stringent" conditions than previously understood, leading to
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Federal Reserve Bank of Richmond: 'Tariff Update: Incorporating Recent Decisions and Deals'
RICHMOND, Virginia, June 24 (TNSLrpt) -- Recent trade deals and court decisions have significantly altered the U.S. tariff landscape, bringing the average effective tariff rate (AETR) down from a peak of 27.5 percent to 17.4 percent. However, a June 2025 analysis from the Federal Reserve Bank of Richmond warns that the economic impact of these tariffs extends far beyond direct import costs, rippling through supply chains and affecting industries and regions nationwide.
The economic brief, "Tari
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Federal Reserve Bank of Richmond: 'The Debt Brake: Unsafe at Any Speed?'
RICHMOND, Virginia, June 24 (TNSLrpt) -- Germany's constitutionally enshrined "debt brake," once hailed as a model of fiscal prudence, is increasingly under fire for potentially stifling the nation's economic growth and hampering critical investments. An June 2025 analysis from the Federal Reserve Bank of Richmond suggests that while the rigid fiscal rule has curbed government debt, it may be "unsafe at any speed" in today's economic landscape.
In the Economic Brief "The Debt Brake: Unsafe at A
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Federal Reserve Bank of Richmond: 'Two-sided Platforms and the 6 Percent Real Estate Broker Commission'
RICHMOND, Virginia, June 24 (TNSLrpt) -- A working paper from Federal Reserve Bank of Richmond in June 2025, "Two-sided platforms and the 6 percent real estate broker commission" (WP 25-05), proposes that this ubiquitous rate is tied to the costs homeowners face if they choose not to sell their property.
Authored by Borys Grochulski and Zhu Wang of the Federal Reserve Bank of Richmond, the research posits that real estate brokers operate a "two-sided platform" that effectively monopolizes the h
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Federal Reserve Bank of Richmond: 'When Are Tariffs Optimal?'
RICHMOND, Virginia, June 24 (TNSLrpt) -- Despite their frequent use by policymakers, tariffs are "generally not optimal from an economic perspective," according to a new analysis from the Federal Reserve Bank of Richmond. A May 2025 Economic Brief, "When Are Tariffs Optimal?" (No. 25-21), meticulously unpacks the theoretical arguments for and against tariffs, ultimately concluding that their real-world application often falls short of stated goals and can even lead to damaging trade conflicts.
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Griffith Announces $1.12 Million HHS Grant to St. Charles Health Council Inc.
WASHINGTON, June 25 -- Rep. Morgan Griffith, R-Virginia, issued the following news release:
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Griffith Announces $1.12 Million HHS Grant to St. Charles Health Council Inc.
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The U.S. Department of Health and Human Services (HHS) has awarded St. Charles Health Council Inc., located in Lee County, Virginia, a $1,122,356 grant. The funding supports the organization's black lung clinic program. U.S. Congressman Morgan Griffith (R-VA) issued the following statement:
"Southwest Virginia coal
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Griffith Announces $1.29 Million HHS Grant to STEP Inc.
WASHINGTON, June 25 -- Rep. Morgan Griffith, R-Virginia, issued the following news release:
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Griffith Announces $1.29 Million HHS Grant to STEP Inc.
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The U.S. Department of Health and Human Services (HHS) has awarded STEP Inc., located in Franklin County, Virginia, a $1,296,059 grant. The funding supports head start and early head start projects. U.S. Congressman Morgan Griffith (R-VA) issued the following statement:
"Solutions that Empower People (STEP) serves communities in Frankli
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Griffith Discusses SWVA Electric Grid Challenges, Votes to Strengthen Electric Grid and Advance Power Plant Reliability Act of 2025
WASHINGTON, June 25 -- Rep. Morgan Griffith, R-Virginia, issued the following news release:
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Griffith Discusses SWVA Electric Grid Challenges, Votes to Strengthen Electric Grid and Advance Power Plant Reliability Act of 2025
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Congressman Morgan Griffith (R-VA), member of the House Committee on Energy and Commerce, participated in a markup hearing to advance several energy-related measures. His bill to help keep baseload power plants online, H.R. 3632 the Power Plant Reliability Act of
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HUD, GSA, and Governor of Virginia Announce HUD Relocation
WASHINGTON, June 25 -- The General Services Administration issued the following news release:
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HUD, GSA, and Governor of Virginia Announce HUD Relocation
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Relocation to Alexandria will provide safer, better environment in service to the American people
WASHINGTON -- Today, the U.S. Department of Housing and Urban Development (HUD), the U.S. General Services Administration (GSA), and the Commonwealth of Virginia announced HUD's planned relocation to the National Science Foundation Bui
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Information on NCUA Board Meeting Schedule
ALEXANDRIA, Virginia, June 24 -- The National Credit Union Administration issued the following news release:
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Information on NCUA Board Meeting Schedule
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ALEXANDRIA, Va. (June 6, 2025) - The next meeting of the Board of Directors of the National Credit Union Administration (NCUA) is tentatively scheduled for July 24, 2025, at 10:00 am Eastern. The NCUA has updated the website accordingly. Projected meeting dates listed online are placeholders put on the calendar at the end of the prior
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Information on NCUA Board Meeting Schedule
ALEXANDRIA, Virginia, June 25 -- The National Credit Union Administration issued the following news release:
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Information on NCUA Board Meeting Schedule
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ALEXANDRIA, Va. (June 6, 2025) - The next meeting of the Board of Directors of the National Credit Union Administration (NCUA) is tentatively scheduled for July 24, 2025, at 10:00 am Eastern. The NCUA has updated the website accordingly. Projected meeting dates listed online are placeholders put on the calendar at the end of the prior
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ITC Issues Notice on Fresh Tomatoes From Mexico
WASHINGTON, June 26 (TNSFR) -- The International Trade Commission has issued a notice entitled "Fresh Tomatoes From Mexico; Request for Comments Regarding the Institution of a Section 751(b) Review Concerning the Commission's Affirmative Determination and Continued Antidumping Duty Investigation."
The commission is inviting comments from the public to determine if altered circumstances exist that would justify a review concerning its prior affirmative determination and ongoing antidumping duty
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PHOTOS & VIDEO: Hirono Holds Spotlight Forum on Harmful Consequences of Republican's "Big Beautiful Bill" for Public School Students
WASHINGTON, June 24 -- Sen. Mazie K. Hirono, D-Hawaii, issued the following news release:
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PHOTOS & VIDEO: Hirono Holds Spotlight Forum on Harmful Consequences of Republican's "Big Beautiful Bill" for Public School Students
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~ Video of the full forum can be found here and photos can be found here ~
~ Video of Senator Hirono's opening remarks can be found here ~
WASHINGTON, D.C. - Today U.S. Senator Mazie K. Hirono (D-HI) held a spotlight forum titled, "Scamming Our Schools: Robbing
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Ranking Member Scott Blasts Committee Republicans for Rubberstamping Trump's Agenda
WASHINGTON, June 26 -- Rep. Robert C. Scott, D-Virginia, ranking member of the House Education and Workforce Committee, issued the following news release on June 25, 2025:
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Ranking Member Scott Blasts Committee Republicans for Rubberstamping Trump's Agenda
WASHINGTON - Ranking Member Robert C. "Bobby" Scott (VA-03) delivered the following opening statement at today's full committee markup of H.R. 3453, H.R. 2516, H.R. 4054, H.R. 2528, H.R. 2571, H.R. 2988, and H.R. 3170.
"Thank you, Mr.
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SBA Relief Still Available to North Carolina Small Businesses and Private Nonprofits Affected by Drought and Extreme Heat
WASHINGTON, June 23 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:
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SBA Relief Still Available to North Carolina Small Businesses and Private Nonprofits Affected by Drought and Extreme Heat
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ATLANTA - The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in North Carolina of the July 21 deadline to apply for low interest federal disaster loans to offset economic losse
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Scott Statement on Vote to Table Impeachment Resolution
WASHINGTON, June 25 -- Rep. Robert C. Scott, D-Virginia, issued the following news release:
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Scott Statement on Vote to Table Impeachment Resolution
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WASHINGTON, D.C. - Congressman Bobby Scott (VA-03) issued the following statement after voting to table H.Res. 537, an impeachment resolution against President Donald Trump.
"I voted twice to impeach Donald Trump after a record of him committing high crimes and misdemeanors was established. Yesterday's vote to table articles of impeachm
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Scott Votes Against GOP'S FY26 MilCon-VA Appropriations Bill
WASHINGTON, June 25 -- Rep. Robert C. Scott, D-Virginia, issued the following news release:
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Scott Votes Against GOP'S FY26 MilCon-VA Appropriations Bill
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WASHINGTON, D.C. - Congressman Bobby Scott (VA-03) issued the following statement after voting against H.R. 3944, the Military Construction, Veterans Affairs, and Related Agencies Bill for FY 2026.
"While they are some provisions I support in the FY2026 Military Construction, Veterans Affairs, and Related Agencies Bill, ultimately,
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Sens. Warner & Kaine Introduce Bill to Protect Access to Reproductive Health Care
WASHINGTON, June 25 -- Sen. Mark Warner, D-Virginia, issued the following news release:
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Sens. Warner & Kaine Introduce Bill to Protect Access to Reproductive Health Care
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WASHINGTON--Yesterday, on the third anniversary of the Supreme Court overturning Roe v. Wade, U.S. Senator Mark R. Warner and Senator Tim Kaine, a member of the Senate, Health, Education and Labor (HELP) Committee, joined Senators Tammy Baldwin (D-WI), Richard Blumenthal (D-CT), and Patty Murray (D-WA) in introducing
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Smucker Reintroduces Legislation to Repeal Costly Biden-Era Regulation
WASHINGTON, June 25 -- Rep. Lloyd Smucker, R-Pennsylvania, issued the following news release:
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Smucker Reintroduces Legislation to Repeal Costly Biden-Era Regulation
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WASHINGTON-- Rep. Lloyd Smucker (PA-11) has reintroduced legislation to repeal a costly Biden-era mandate that artificially drives up construction costs on federal projects. The Biden administration's rule reverts to a definition of "prevailing wage" that has not been used in forty years, causing a dramatic increase in th
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Soldiers share their story of military service with local community members
FORT BRAGG, North Carolina, June 25 -- The U.S. Army Reserve Command issued the following news:
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Soldiers share their story of military service with local community members
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ARLINGTON HEIGHTS, Ill. - Soldiers, assigned to the 85th U.S. Army Reserve Support Command, visited with participants of the Northwest Special Recreation Association Pursuit program, June 17, 2025, at program locations in Rolling Meadows and Mount Prospect, Illinois, to share what military life is like.
"It's an
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Soul Community Federal Credit Union Closes
ALEXANDRIA, Virginia, June 24 -- The National Credit Union Administration issued the following news release:
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Soul Community Federal Credit Union Closes
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ALEXANDRIA, VA (June 20, 2025) - The National Credit Union Administration (NCUA) today liquidated Soul Community Federal Credit Union in Austell, Georgia. The NCUA made the decision to liquidate Soul Community Federal Credit Union and discontinue its operations after determining the credit union was insolvent and in violation of numer
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Soul Community Federal Credit Union Closes
ALEXANDRIA, Virginia, June 25 -- The National Credit Union Administration issued the following news release:
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Soul Community Federal Credit Union Closes
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ALEXANDRIA, VA (June 20, 2025) - The National Credit Union Administration (NCUA) today liquidated Soul Community Federal Credit Union in Austell, Georgia. The NCUA made the decision to liquidate Soul Community Federal Credit Union and discontinue its operations after determining the credit union was insolvent and in violation of numer
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Van Hollen Joins Hirono at Spotlight Forum on Harmful Consequences of Republican's "Big Beautiful Bill" for Public School Students
WASHINGTON, June 24 -- Sen. Chris Van Hollen, D-Maryland, issued the following news release:
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Van Hollen Joins Hirono at Spotlight Forum on Harmful Consequences of Republican's "Big Beautiful Bill" for Public School Students
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Today, U.S. Senator Chris Van Hollen (D-Md.) joined Senator Mazie K. Hirono (D-Hawaii) at a spotlight forum titled, "Scamming Our Schools: Robbing Our Students' Futures to Line Their Pockets," focused on the harmful consequences of Republicans' "Big Beautiful Bill
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Warner & Kaine Introduce Bill to Protect Access to Reproductive Health Care
WASHINGTON, June 25 -- Sen. Tim Kaine, D-Virginia, issued the following news release:
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Warner & Kaine Introduce Bill to Protect Access to Reproductive Health Care
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WASHINGTON, D.C.--Yesterday, on the third anniversary of the Supreme Court overturning Roe v. Wade, U.S. Senator Mark R. Warner and Senator Tim Kaine, a member of the Senate, Health, Education and Labor (HELP) Committee, joined Senators Tammy Baldwin (D-WI), Richard Blumenthal (D-CT), and Patty Murray (D-WA) in introducing t
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