News Headlines

Delegate, Governor Disagree On CFO Bill

Calling legislation she introduced to establish a chief financial officer for the Virgin Islands “an evolution,” Delegate Donna Christensen testified to Congress Thursday it was needed because a significant number of V.I. residents believe “the operations of the Government of the Virgin Islands are not as transparent and accountable as they should be.” Meanwhile, Gov. John deJongh Jr. issued a statement and provided testimony to Congress reiterating his opposition to what he called a "deeply flawed bill which purports to address the fiscal imbalances of the Government by creating a new bureaucracy rather than addressing their fundamental causes."

Home buying at most affordable level in decades

Buying a home has reached its most affordable level in more than two decades. Nearly 78% of homes sold during the first quarter were affordable to those earning the national median income of $65,000, according to a report released Thursday by the National Association of Home Builders and Wells Fargo.

Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages

Foreclosure filings in the U.S. fell to a five-year low last month as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold.

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