A renowned economist is relaxing her predictions somewhat about the effects of federal sequestration on Virginia and now sees a reason for some optimism. Chris Chmura says although the impact of the cuts will still hurt the Commonwealth more than most states, she expects there will be some modest job growth.
Sixty-five years ago, ‘The Marshall Plan’ for reviving Europe’s economy after World War II, changed the course of history. As Secretary of State after the war, General George Marshall conceived the plan in the wake of the devastation of World War Two. The plan resides here in Virginia and is still studied by leaders and scholars from all over the world.
While other states with a high military presence brace for the effects of sequestration, Virginia leaders are preparing for a double whammy with the possibility of another Base Realignment and Closure of key facilities.
Virginia’s newest U-S senator, Tim Kaine, delivered his maiden speech on the Senate floor this week. His first address to his colleagues came much earlier than expected.
The Senate floor is viewed by many as a sacred space. That’s why most freshmen lawmakers wait months before addressing their peers in the austere chamber. But with billions of dollars in budget cuts slated to rip through his state on Friday, Senator Kaine broke unwritten Senate protocol and spoke on the floor before even finishing his second month in office.
President Obama was in Newport News, Virginia today highlighting the impact of pending budget cuts on the state's defense industry. Virginia Republicans are glad the president is highlighting the state's robust defense industry. But Virginia Congressman Randy Forbes says the president's time would have been better spent in Washington negotiating with congressional leaders.