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Virginia’s shift to Dems could draw federal cuts
Virginia is under new management, with Gov. Abigail Spanberger taking office Jan. 17. In a speech two days later to the General Assembly, she spoke about returning Virginia to its top spot in CNBC’s “Top States for Business” rankings, after the commonwealth fell to No. 4 in 2025. However, many of the economic challenges impacting […]
Northern Virginia focuses on strengths amid federal cuts
Northern Virginia's economy adapts to federal job cuts in 2025 by expanding defense tech, aerospace, AI, and data centers across Alexandria, Arlington, Fairfax, Loudoun, and Prince William.
Virginia universities faced federal probes over DEI in 2025
Virginia public universities, including UVA and George Mason, faced federal investigations in 2025 over diversity, equity, and inclusion initiatives amid political pressure.
Virginia health systems face $26B in federal cuts
Virginia health systems confront $26 billion in Medicaid cuts due to the 2025 federal budget law, prompting closures and new hospital expansions.
US tariff rate to hit 15% or more for some nations, Greer says
U.S. Trade Representative Jamieson Greer announced tariffs for some countries will rise to 15% or higher, with current China tariffs remaining unchanged.
US Supreme Court to hear bid by oil companies to toss climate suits
The US Supreme Court will hear ExxonMobil and Suncor Energy's appeal to dismiss a Colorado lawsuit seeking damages for climate change costs.
Virginia unemployment claims spike in early February
Initial unemployment insurance claims in Virginia increased 71.2% in the first week of February, according to the state.
Senators push $70 billion funding deal to support Trump’s critical minerals push, FT reports
Lawmakers move to add $70B to the Export-Import Bank to back Trump’s push to secure U.S. critical minerals supplies.
Dominion’s offshore wind price tag rises to $11.5B
Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project off Virginia Beach's coast increased from $11.2 billion to $11.5 billion.
After bank mergers comes ‘big work’ of integration
Looser antitrust enforcement under Trump is expected to fuel more bank mergers, reshaping Virginia’s banking landscape.
Developer says sale of Ashland facility to ICE has been canceled
The sale of a 43-acre site in Hanover County that was set to be purchased by ICE for a detainee processing facility is no longer happening.
Trump calls rate questions on Fed nominee Warsh inappropriate, confident on cuts
Trump said it would be inappropriate to press Fed chair nominee Kevin Warsh on rate cuts but said he favors lower borrowing costs.
