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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.
Trump picks former Fed official Warsh to run Fed
Trump nominated former Fed governor Kevin Warsh to succeed Jerome Powell, raising questions about Fed independence and rates.
Dominion installs first CVOW turbine tower off Virginia Beach
Dominion Energy last week installed the first turbine tower associated with the Coastal Virginia Offshore Wind project, off Virginia Beach.
Treasury cancels $21M in Booz Allen Hamilton contracts
The U.S. Treasury Department said on Monday it had canceled all of its contracts with McLean-based government contractor Booz Allen Hamilton, accusing the company of failing to protect sensitive data, including at the Internal Revenue Service.
5 U.Va. board members resign at Spanberger’s request
The New York Times reported Friday evening that three University of Virginia board members have resigned at the request of Abigail Spanberger, who will be sworn in Saturday as Virginia's Democratic governor.
Federal court grants Dominion injunction, allowing offshore wind construction to proceed
Dominion Energy won a preliminary injunction Friday in federal court, allowing construction to resume on the Coastal Virginia Offshore Wind project off Virginia Beach's coast. In December 2025, the U.S. Department of the Interior paused the project for 90 days, leading the Richmond Fortune 500 utility to sue the government.
Trump plans to allow 401(k) withdrawals for home down payments
WASHINGTON, Jan 16 (Reuters) – The Trump administration plans to allow investors to use some of their retirement funds to make a down payment on a house, White House economic adviser Kevin Hassett said on Friday, adding that more details will be released next week. “We’re going to allow people to take money out of […]
Wall Street rises as bank earnings, chip stocks rally
U.S. stocks rose as strong results from Goldman Sachs and Morgan Stanley lifted banks and TSMC boosted chipmakers.
