RICHMOND, Virginia, Aug. 2 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the August 2025 Economic Brief, 'Why Predicted and Actual Tariff Rates Diverged in May 2025,' written by Marina Azzimonti and published as Economic Brief No. 25-29. The report examines the gap between economists' forecasts for effective US tariffs and the outcome observed in official data, focusing on the month of May 2025. According to the document released by the Richmond Fed, forecasters had projected a sharp  more

WASHINGTON, Aug. 3 -- The National Rural Electric Cooperative Association (NRECA), Arlington, Virginia, has submitted a public comment letter to the U.S. Department of Energy (DOE) in support of its efforts to reform the National Environmental Policy Act (NEPA) procedures. Representing nearly 900 not-for-profit electric cooperatives, NRECA emphasized the importance of these changes in enhancing efficiency and reliability for electric projects that serve communities across the nation. In its let  more

WASHINGTON, Aug. 3 -- The U.S. Senate conducted five committee hearings on July 31, 2025: * * * MARKUP: DOD AND LHHS Committee on Appropriations: Committee ordered favorably reported the following business items: An original bill (S.2572) entitled, "Department of Defense Appropriations Act, 2026"; and An original bill (S.2587) entitled, "Departments of Labor, Health and Human Services, Education, and Related Agencies Appropriations Act, 2026". * * * NOMINATIONS Committee on Armed Service  more

BLACKSBURG, Virginia, Aug. 2 -- VCOM - Edward Via College of Osteopathic Medicine issued the following news: * * * VCOM Leads the Nation with 0% Student Loan Default Rate The Edward Via College of Osteopathic Medicine (VCOM) has achieved a rare and remarkable distinction: a 0% federal student loan default rate, according to newly released data from the U.S. Department of Education. Of the higher education institutions listed in the report, which includes undergraduate and graduate schools, VC  more

WASHINGTON, Aug. 1 -- Sen. Tim Kaine, D-Virginia, issued the following news release: * * * Warner & Kaine React to NTSB Hearing Regarding Deadly DCA Crash: Congress Must Act to Reduce Flights, Improve Safety * WASHINGTON, D.C. - Today, U.S. Senators Mark R. Warner and Tim Kaine (both D-VA) released the following statement regarding this week's National Transportation Safety Board (NTSB) hearing about the fatal January 29 crash near DCA. Yesterday, Potomac radar facility manager Bryan Lehman   more