Back to overview,Home naval-today VIDEO: U.S. President Gives Speech on Impact of Sequester at NSS View post tag: U.S. Authorities View post tag: Navy VIDEO: U.S. President Gives Speech on Impact of Sequester at NSS View post tag: Defence View post tag: Sequester View post tag: Speech View post tag: gives View post tag: President View post tag: Naval Share this article Unless Congress takes action, over the next few weeks the U.S. economy will be hit with harmful automatic cuts that threaten hundreds of thousands of middle class jobs. President Obama yesterday visited, 26 February, shipyard in Newport News, VA to talk about what these cuts — which are known as the sequester.While the full damage of these cuts will spread to nearly every corner of USA economy over the next few months, some workers will receive layoff or furlough notices within days. Many of the 5,000 companies and small businesses from across the country that supply Newport News Shipbuilding with parts and equipment will be impacted, which will affect the firm’s productivity. And down the road at the Norfolk Naval Station, the threat of these cuts has already forced the Navy to cancel the deployment and delay the repair of certain aircraft carriers, and postpone building on additional vessels. If the cuts are implemented, about 90,000 Virginians who work for the Department of Defense will be forced to take unpaid leave from their jobs, creating a ripple effect on thousands of other jobs, businesses, and services throughout the Commonwealth – and not just in the defense industry.The plan put forward by President and Congressional Democrats would avoid these cuts and allow time for both sides to work on a long-term, balanced solution to our deficit challenges. President Obama’s proposal resolves the sequester and reduces the deficit by over $4 trillion dollars in a balanced way- by cutting spending, finding savings in entitlement programs and asking the wealthiest to pay their fair share.[mappress]Naval Today Staff, February 27, 2013; Image: US Navy View post tag: Defense View post tag: News by topic February 27, 2013 View post tag: NSS View post tag: impact
Senator Anthony Chisholm has sold his Wavell Heights property. Picture: realestate.com.au.QUEENSLAND Labor Senator Anthony Chisholm has sold his Wavell Heights home for $870,000.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus19 hours agoThe four-bedroom, two-bathroom house was being sold without a price guide, but was last advertised for sale in November for offers over $890,000.The home was built in 2008 and overlooks a park and is close to schools, transport and shops including Westfield Chermside.It was marketed through Tristan Rowland and David Simmons of Place Aspley with property records revealing it was now sold.Senator Chisholm was elected to the Senate in 2016, grew up on Brisbane’s north side and attended Wavell State High School.He served as Queensland Labor State Secretary between 2008 and 2014 before taking on the role of campaign director for the 2015 state election, which saw the Palaszczuk government sweep to power.