President Obama heads to Newport News, VA to talk about the effect that forced government spending cuts will have on Newport News Shipbuilding, the largest manufacturing employer in the state of Virginia. The company is a division of Huntington Ingalls Industries (HII), and in his remarks the president will highlight the impact that furloughs at one factory can have across the country. The White House circulated this information late Monday night:
HII’s already fragile supply base consists of 5,000 companies located in all fifty states that depend on the work that companies like Newport News Shipbuilding do, many of which are small businesses that rely on Newport News Shipbuilding for their bottom line.
In Virginia alone, approximately 90,000 civilian Department of Defense employees would be furloughed if the sequester was to hit, reducing gross pay by around $648.4 million in total. As well, it would cancel the maintenance of 11 ships in Norfolk, defer four projects at Dahlgren, Oceana, and Norfolk, and delay other modernization and demolition projects. The President will urge Congressional Republicans to come to the table and compromise to find a solution to avert the sequester, and will make clear that the only reason these cuts will take place is if Congressional Republicans choose to protect loopholes only enjoyed by the wealthiest and big corporations at the expense of jobs in Virginia.
The president will depart the White House at 10:50 AM, and his remarks in Norfolk will come a little after 1PM. Here's the full schedule as released by the White House: FULL POST