Senator Warner says it appears the long-awaited results of the “stress tests” performed on leading U.S. banks are more positive than many had expected. The tests reportedly have concluded that the nation’s 19 largest banks have enough capital in reserve but may need to strengthen their holdings to absorb potential future losses.

The Department of Transportation announced today that it will release $77.3 million through the economic recovery package for the Dulles Corridor Metrorail extension project.

During this morning’s Banking Committee hearing on how to regulate banks and other financial institutions considered “too big to fail,” Senator Warner asked Shelia Bair, chairman of the Federal Deposit Insurance Commission, about the results of the bank “stress tests,” the results of which will be released tomorrow.

This morning, Senator Warner joined officials from the Mercatus Center as they released their 10th Annual Performance Report Scorecard, which evaluates and ranks Congressionally-mandated performance and accountability reports of two-dozen of the largest federal agencies.

The U.S. Army Corps of Engineers announced today that it will award Virginia over $32 million in contracts and grants from the economic recovery package for a number of water resource projects throughout the state. An additional $9 million in loans was awarded by the U.S. Department of Agriculture for six projects in Southwest Virginia.

Senator Warner was on CNBC's "Power Lunch" this afternoon to review President Obama's first 100 days in office.