Search

Vienna-based Hair Cuttery parent files for Chapter 11, gets outside investment 04/24/2020 10:26am • Creative Hairdressers Inc. has filed for Chapter 11 and is selling substantially all its assets assets, including the majority of its salon locations, to HC Salon Holdings Inc. (Getty Images/iStockphoto/Estradaanton) Vienna, Virginia-based Creative Hairdressers Inc., whose salons include Hair Cu Using a 401(k) loan to cope with coronavirus costs 04/17/2020 12:00am • The Coronavirus Aid, Relief, and Economic Security Act of March 2020 doubles the amount retirement savers can borrow from a 401(k) plan. But that doesn't necessarily mean you should raid your future retirement savings, even during the coronavirus pandemic. "If we weren't in this crisis moment tha Smart moves for your CARES Act money 04/16/2020 01:53pm • Despite some glitches, coronavirus relief money has started arriving in the bank accounts of those who qualify. The federal CARES Act provides one-time payments of $1,200 for adults earning up to $75,000 and $2,400 for couples earning up to $150,000, along with payments of $500 per child. The Fairfax County approves $2.5M in small business coronavirus relief micro loans 04/15/2020 01:01pm • The Fairfax County Board of Supervisors approved a $2.5 million Small Business COVID-19 Recovery Fund that will provide loans of up to $20,000 to eligible Virginia businesses. The micro loans will be principle and interest-free for six months, and carry a six-year term with an interest rate of 3. Loudoun supervisors lower taxes, put capital projects on hold as coronavirus impacts county 04/10/2020 07:51am • The Loudoun County Board of Supervisors approved a $3 billion budget for next year that reduced the Virginia county's tax rate by a penny — and put on hold all capital projects that have to be financed. The moves come as the supervisors recognize the financial uncertainty stemming from the coro DC Council passes COVID-19 relief bill with rent freeze, consumer protections 04/07/2020 01:27pm • D.C. Council Chairman Phil Mendelson ran the council's first-ever remote meeting. (Courtesy D.C. Council) Meeting remotely for the first time in its 45-year history, the D.C. Council on Tuesday unanimously passed its second emergency COVID-19 relief bill, a measure that establishes a rent freeze Coronavirus update: Va. picks field hospital sites; DC projects up to 93,000 infections 04/04/2020 01:18am • Medical personnel perform drive up tests in the parking lot of United Medical Center as Mayor Muriel Bowser holds a news conference nearby to update the city on the COVID-19 crisis, in Washington, DC, April 2, 2020. (Photo by Bill O'Leary/The Washington Post via Getty Images) The latest The W Express Lanes traffic falls in coronavirus era as gridlock disappears 04/02/2020 03:40am • Signs above I-95 point to access ramps that lead into the express lanes. All drivers entering the lanes must have an E-ZPass. (WTOP/Dave Dildine) No traffic jams during the coronavirus pandemic stay-home orders means drivers are not seeing a reason to use Northern Virginia's toll lanes. Traff Prosecutor seeks release of Fairfax inmates as COVID-19 reaches county jail 04/01/2020 06:36am • A male inmate at the Fairfax County, Virginia, jail has tested positive for the coronavirus, and the county's top prosecutor is recommending the release of some inmates in hopes of balancing justice with public safety. In a statement, Fairfax County Commonwealth's Attorney Steve Descano called th Banks waive overdraft fees due to coronavirus 03/25/2020 10:57am • The financial impact of the coronavirus may be dropping your checking account balance uncharacteristically low, putting you in danger of being socked with overdraft fees from your bank. With your finances in flux, you surely don't need your bank to pile on new debt. However, though some lenders a Montgomery Co. plans to give small businesses coronavirus grants 03/25/2020 07:00am • With so many small businesses shut down during the coronavirus pandemic, the Montgomery County Council is poised to create a $20 million program that would allow businesses to access grants so they can pay their bills and employee salaries. Through the Public Health Emergency Grant Program, busin Home equity is at a record. Why aren't more owners tapping it? 03/18/2020 10:44am • Home equity borrowing in 2019 was the lowest in 15 years, according to Lending Tree, which cites a couple of reasons for the pullback. (Getty Images/Thinkstock) Homeowners in the U.S. are currently sitting on a record $18.7 trillion in home equity. That's often a useful financial tool to pay for DC-area cab drivers experience dramatic decrease in demand during coronavirus crisis 03/17/2020 07:15pm • Difficult times for cab drivers as demand drops dramatically. This United Ventures Consortium cab driver's name is Addis Abate. He's been driving for more than six years, and he said he has never experienced anything like this. He has lost almost 75% of his daily income. (Courtesy Degfae Setegn) DC-area businesses, workers confront new coronavirus reality 03/17/2020 06:36pm • A stretch of temporarily closed restaurants in Bethesda, Maryland. (AP) Tuesday marked the beginning of a new reality around D.C. and Maryland: It was the first full day of business restrictions put in place to slow the spread of the new coronavirus. You can still eat and drink at bars and re Here's what could really sink the economy: $19 trillion in corporate debt 03/14/2020 03:25am • Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into recession, the bill could come due — exacerbating damage to the economy and feeding a meltdown in financial markets. Look