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House GOP passes Trump tax bill despite deficit fears

House Republicans push through Trump’s tax bill after all-night session, despite CBO warning it could add $3.8 trillion to the federal deficit.

U.S. Rep. Gerry Connolly, D-Fairfax. Photo courtesy Connolly's office

Virginia congressman dies from cancer

latest news

Virginia unemployment rate rises slightly in April to 3.3%

Virginia’s unemployment rates continue to see an incremental rise, according to data from the state’s Department of Workforce Development and Advancement, also known as Virginia Works.

Industries

A rendition of the Iridium network in space, showing its crosslinked architecture and global coverage. Image Courtesy Iridium Communications

Iridium to invest $13M to relocate Tysons HQ, add 117 jobs

Tysons-based global satellite communications company Iridium Communications will invest more than $13 million to expand its headquarters in Fairfax County and create 117 jobs, Gov. Glenn Youngkin announced Tuesday.

Real Estate

Virginia housing sales drop again, but listings spike 35.5%

Virginia home sales fell for the third month in a row in April 2025, but active listings rose 35.5% the same month.

Money

Wall Street dips as GOP spending bill shakes markets

Bond yields rise and markets slip after Republicans pass a multitrillion-dollar spending bill, rattling Wall Street and solar energy stocks.

Government

Amentum wins $91.8M Navy contract

Chantilly-based federal contractor Amentum Services announced last week that it won a $91.8 million contract from the Naval Surface Warfare Center Dahlgren Division (NSWCDD) to provide software engineering services that will help the U.S. Navy protect national security.

People

Atlantic Union CFO Rob Gorman has announced his retirement. Photo Courtesy Atlantic Union Bankshares

Atlantic Union CFO announces retirement

Richmond-based Atlantic Union Bankshares announced Thursday that executive vice president and chief financial officer Robert M. Gorman plans to retire on or before March 31, 2026.

Healthcare

BTM Business Connect

Unanet Acquires Beltway Software Firm Contraqer to Help GovCons

Unanet today announced it has acquired Contraqer, a leading provider of market intelligence and procurement software for government contractors. With Contraqer, Unanet adds to its robust growth suite of solutions that help GovCons identify, solicit, manage, and win more business. According to Unanet’s most recent GAUGE Report, 45% of GovCons cite lack of business development […]

Movers & Shakers

EVENTS

C-Suite Awards

June 5th, 2025 - 11:30 AM

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

Details coming soon!

Virginia Business is pleased to launch its inaugural Forty Under 40 Awards program in 2025!

Best Places to Work in Virginia

Details coming soon!

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

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Around The Nation

Strike averted as submarine designers in Connecticut agree to contract with Electric Boat

Conservatives block Trump’s big tax breaks bill in a stunning setback

Boeing, trying to emerge from one of company’s most difficult eras, is having a pretty good week

Newark airport delays highlight air traffic controller crisis

Family of Boeing whistleblower settles lawsuit with aircraft maker over his death

UnitedHealth Group CEO steps down as company lowers, then withdraws financial outlook for 2025

Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power

Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last

Trump hosts $TRUMP crypto backers amid bitcoin surge

WASHINGTON (AP) — It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects dining with him at his luxury golf club in Northern Virginia, on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar. But […]

Defense Department accepts Boeing 747 from Qatar for Trump’s use

Defense Secretary Pete Hegseth has accepted a gifted Boeing 747 from Qatar for President Donald Trump to use as Air Force One, the Pentagon said Wednesday.

Target sales drop in 1st quarter and retailer warns they will slip for all of 2025

Target projects lower 2025 sales as tariffs, consumer cutbacks, and backlash over its DEI and Pride merchandise changes weigh on performance.

Trump lifts Empire Wind pause, offshore project resumes

Empire Wind project off Long Island resumes after Trump lifts pause, saving 1,500 jobs and advancing New York’s clean energy and offshore wind goals.

Home Depot says it doesn’t expect to boost prices because of tariffs

Home Depot doesn’t expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves. Billy Bastek, executive vice president of merchandising, said during a conference call on Tuesday that Home Depot’s suppliers have shifted sourcing across several countries and that the company doesn’t expect any […]

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Opinion

Trump’s tariffs echo Hoover-era economic missteps

Our View: Trump charts chaotic course in trade wars

Constructing change

Why let Big Tech destroy our climate?

Our View: Making Virginia grate again

Best at Work Insights: Employees’ happiness is overrated

Trump-led DEI crackdown may leave glass ceilings intact

Return to uncertainty

In this photo provided by the U.S. Navy, Hospital Corpsman 1st Class Garion Pequeno reunites with his family after departing the USS Cole on Monday, Dec. 23, 2024, at Naval station Norfolk after a deployment. (Mass Communication Specialist Seaman Mark Peña/U.S. Navy via AP)

Let us honor Virginia’s military through educational opportunities

Today, we write to call on our leaders to continue investing in pathways that serve military families, keep them in Virginia, and strengthen Virginia’s economic future. The Virginia Military Survivors and Dependents Education Program — or VMSDEP — provides in-state tuition waivers to the spouses and children of service members who were disabled or killed in the line of duty.

Tanveer Kathawalla, founder and managing partner of Pioneer1890, based in Alexandria. Photo courtesy Tanveer Kathawalla

I voted for Trump. His tariff exclusions don’t reflect conservative strength

Alexandria business founder Tanveer Kathawalla writes in an op-ed that President Donald Trump's tariffs project decline and harm industry and the nation's ability to reduce federal debt.

Mary Baldwin University President Jeff Stein. Photo courtesy MBU

Getting full value out of college from day one

Mary Baldwin University's president writes in an op-ed that for too long, the traditional college model has delayed the real payoff — deferring meaningful mentorship, skills-building and career direction until a student’s final semesters.

Ocean freight outlook 2025: tariffs, crisis fuel chaos

Ocean freight faces uncertainty in 2025 due to Red Sea crisis, U.S.-China tariffs, and overcapacity from new vessels and shifting port strategies.

Elon Musk’s memo exposes a trust crisis in leadership

Musk’s memo sparked debate, but the real issue isn’t accountability — it’s a lack of trust, clarity, and communication in modern workplace culture.

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