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Topic - Newport News Shipbuilding
Newport News Shipbuilding (NNS), originally Newport News Shipbuilding and Drydock Company (NNS&DD), was the largest privately owned shipyard in the United States prior to being purchased by Northrop Grumman in 2001. Known as Northrop Grumman Newport News (NGNN), and later Northrop Grumman Shipbuilding Newport News (NGSB-NN), the company is located in Newport News, Virginia, and often participates in projects with the Norfolk Naval Shipyard in Portsmouth, Virginia, also located adjacent to Hampton Roads. In March 2011 Newport News Shipbuilding, along with the shipbuilding sector of Northrop Grumman spun-off to form a new company called Huntington Ingalls Industries - Source: Wikipedia
The sequester is officially still several days away but the Obama administration is already making the first cuts, with officials confirming that the Homeland Security Department has released several hundred illegal immigrants from detention in order to save money.
Employing campaign-style tactics to raise the pressure on Republican lawmakers, President Obama is visiting a shipyard in Newport News, Va., on Tuesday to call attention to the impact of looming budget cuts.
Employing campaign-style tactics, President Obama told shipyard workers in Newport News, Va., on Tuesday that Republican lawmakers and their opposition to higher taxes are to blame for looming economy-damaging budget cuts.