Category Archives: Money

Senate approves COLA increase for disabled vets

The Senate moved Wednesday night to make sure disabled veterans receive the same 3.6 percent cost-of-living adjustment as Social Security beneficiaries and military retirees, but in typical congressional fashion it’s not yet a sure thing.

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Military retirees’ COLA to rise by 3.6 percent

After two years of having no annual adjustment, military retirees will receive a 3.6 percent cost-of-living adjustment effective Dec. 1.

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VA’s 11-day, $221K resort stay draws scrutiny

It may not grab as much media attention as the Justice Department’s $16 muffins, but a $221,000 bill for an 11-day conference for Veterans Affairs Department workers at a Scottsdale, Ariz., resort in January has led the House of Representatives … Continue reading

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Suit says veterans charged extra mortgage fees

ATLANTA — A whistle-blower lawsuit launched in 2006 and unsealed Tuesday in federal court in Atlanta claims several large banks and mortgage companies defrauded military veterans and taxpayers out of hundreds of millions of dollars in a “brazen scheme” to … Continue reading

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Lawmakers: Military homeowners need more help

Twelve members of Congress have sent a letter to officials at the Treasury Department, Housing and Urban Development Department, Federal Housing Finance Agency and the Securities and Exchange Commission urging them to help military homeowners hurt by the housing market … Continue reading

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Court awards reservist $926K in USERRA case

An Air Force reservist is a major step closer to receiving $926,506 in back pay and damages, after winning another round in his court fight for his federal re-employment rights.

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NATO covert guidance steered Libyan rebel gains

BRUSSELS — As the battle in Libya appeared at stalemate, it was an open secret that foreign military advisers were working covertly inside the country providing guidance to rebels and giving tactical intelligence to NATO aircraft bombing government forces.

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U.S.: $360M lost to corruption in Afghanistan

WASHINGTON — After examining hundreds of combat support and reconstruction contracts in Afghanistan, the U.S military estimates $360 million in U.S. tax dollars has ended up in the hands of people the American-led coalition has spent nearly a decade battling: … Continue reading

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Vandenberg loses contact with hypersonic glider

LOS ANGELES — An unmanned hypersonic glider developed for U.S. defense research into super-fast global strike capability was launched atop a rocket early Thursday but contact was lost after the experimental craft began flying on its own, the Defense Advanced … Continue reading

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Lawmakers vote to expand consumer protections

A House subcommittee moved Thursday to expand financial protections under the Servicemembers’ Civil Relief Act, including making it easier for service members to contact a lender when there are problems.

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