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HII’s CEO doesn’t expect major defense spending cuts under Trump
President Donald Trump’s suggestion last week that he could cut U.S. defense spending in half spooked the stock market — but the CEOs of Virginia’s Huntington Ingalls Industries and Science Applications International Corp. are taking Trump’s statement in stride. Thursday afternoon, Trump said, “One of t[...]
Reports of NoVa housing market’s demise are greatly exaggerated, experts say
“See the rats run,” a Facebook post put up Saturday reads. It’s illustrated with a map purportedly of Arlington County — a map covered with dozens of ovals indicating where houses are on the market. Many of the ovals are labeled “coming soon” or “new.” In the wake of President Donald Trump and Elon Musk’[...]
Construction kicks off on $750M Norfolk casino
After more than four years and amid shifting plans, construction has finally begun on Norfolk’s new $750 million casino resort. Norfolk Casino spokesperson Jay Smith confirmed that construction on the long-awaited project kicked off Friday near Harbor Park. While a ceremonial groundbreaking ceremony was held in October 202[...]
Bon Secours plans $370M expansion of Henrico hospital
Bon Secours Mercy Health plans to break ground this summer on a $370 million renovation and expansion of Bon Secours St. Mary’s Hospital in western Henrico County, the hospital’s president said Friday. “Since the hospital opened in 1966, this is the most transformative project that we’ve taken on,” Bryan Le[...]
UVA Health resumes gender-affirming care after federal judge’s order
Updated Feb. 15 A federal judge in Maryland on Thursday issued a temporary restraining order that suspended President Donald Trump’s Jan. 28 executive order banning gender-affirming medical care for people under the age of 19, impacting patients and hospitals across the country, including in Virginia. Trump’s origina[...]
Status of federal agency’s lawsuit against Capital One unclear
A lot has happened since Jan. 20, as the Trump White House employs “shock and awe” tactics at lightning speed. Among the consequences is the shutdown of the Consumer Financial Protection Bureau, a government watchdog over private industry. Specifically, the CFPB’s pause in work leaves in question a major federa[...]
Fairfax casino bill appears to be dead, following subcommittee vote
A bill that would have given Fairfax County the right to hold a casino referendum is likely dead for the 2025 session, after passing a vote last week in the Virginia State Senate. Senate Bill 982, introduced by Democratic Sen. Scott Surovell, was passed by for the day — in other words, not passed along […]
Kaine, Warner want answers from FAA about possible Musk intervention
In the wake of the fatal Washington, D.C., collision between a U.S. Army helicopter and an airplane, U.S. Sens. Mark Warner and Tim Kaine, along with other Democratic lawmakers from Maryland and Virginia, want assurance that leaders at the Federal Aviation Administration will notify Congress if billionaire Elon Musk directs the [...]
Booz Allen fires subcontractor who wrote document about DOGE access to Treasury
McLean-based Fortune 500 management consulting contractor Booz Allen Hamilton has fired a subcontractor who warned the U.S. Treasury Department about the Department of Government Efficiency having access to the Treasury’s payment system. Booz Allen said that sources quoted in recent media reports “mischaracterize a docum[...]
Playa Hotels & Resorts to be acquired in $2.6B deal with Hyatt
Resorts owner, operator and developer Playa Hotels & Resorts has entered into an agreement to be acquired by an indirect subsidiary of Hyatt Hotels for approximately $2.6 billion, including approximately $900 million in debt, the hospitality companies announced Monday. Playa Hotels & Resorts is a Dutch public limited lia[...]
Trump’s steel, aluminum tariffs could impact Va. economy
President Donald Trump imposed 25% tariffs on steel and aluminum imports Monday. Now, the world waits to see what impact they will have. “If you look at the behavior of investors, investors are signaling again that they don’t believe these tariffs will be long-lived,” said Bob McNab, chair of Old Dominion Universit[...]
NoVa could feel pain if Trump cuts federal office space
Northern Virginia is sure to weather aftershocks if the Trump administration moves forward with plans to shutter half of the properties owned and leased by the federal government. “We’ll see some strong reverberations,” said David Tarter, executive director for the Center for Real Estate Entrepreneurship and the master[...]
