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Senator Warner announced today that the Department of Education will release $806 million from the economic recovery package to help address the budget shortfall Virginia’s education system is facing. The funding will help save hundreds of thousands of teaching jobs at risk of state and local budget cuts.
Earlier this week, Senator Warner announced that the Department of Agriculture will release $1.2 million from the stimulus package to provide grants or loans to 31 localities and non-profit organizations to fund community facilities and emergency responder projects in Virginia.
During today's Senate Banking Committee hearing, Senator Warner said he is "very troubled" with the government's open-ended involvement with AIG and questioned Treasury Secretary Tim Geithner about his apparent lack of flexibility in reducing payments to the AIG "counterparties" -- those AIG investors who will get 100 percent of their money back.