WASHINGTON — ResilienceVC, a seed-stage venture capital firm that invests in fintech startups, has closed its debut, oversubscribed fund. With its inaugural fund attracting a diverse range of strategic investors and its management of early-stage investments for the Discover Financial Health Improvement Fund, the firm’s total assets under management stand at over $56 million. Focused…
BUSAN, Republic of Korea – The USS Carl Vinson (CVN 70), the flagship of Carrier Strike Group (CSG) One, arrived in the Republic of Korea (ROK) for a scheduled port visit on March 2. [Photo by US Navy Mass Communication Specialist 3rd Class Nate Jordan] The visit to Busan exemplifies the U.S. commitment to the…
The Social Security Administration plans to reduce the size of its workforce and organizational structure, with a significant focus on functions and employees who do not directly provide mission critical services. Social Security recently set a staffing target of 50,000, down from the current level of approximately 57,000 employees. Rumor of a 50 percent reduction…
The Pentagon is deploying a Stryker Brigade Combat Team and a General Support Aviation Battalion to the southwestern border, accelerating efforts to fulfill President Donald Trump’s directive to bolster military support in securing the U.S. – Mexico border. The units, equipped with wheeled vehicle and air capabilities, are set to reinforce border operations in the…
The Metropolitan Washington Airports Authority announced that more than 53.54 million passengers traveled through Dulles and Reagan International airports in 2024. This represents 5.8 percent growth from the year before and is a new system-wide record. Most of the increase happened at Washington Dulles International, which added six new airlines and experienced a record passenger…
While the federal government is experiencing big cutbacks from the Trump administration, one area where hiring is urgently needed is for air traffic controllers at the nation’s airports. Transportation Secretary Sean P. Duffy announced a new plan to supercharge the hiring of air traffic controllers during a visit to Oklahoma City. This announcement followed a…
BETHESDA, MD – DiamondRock Hospitality Company has completed the sale of the 410-room Westin Washington, D.C. City Center for a contract price of $92.0 million. The sales price represents an 11.2x multiple on 2024 Hotel EBITDA and a 7.5% capitalization rate on 2024 Hotel net operating income, or a capitalization rate of 5.6% inclusive of…
The Social Security Administration announced it is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to people whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). These provisions reduced or eliminated the Social Security benefits for over 3.2 million people who receive a pension…
FAIRFAX, VA — Home prices in Northern Virginia rose in January at a stronger pace than the national average despite a modest increase in inventory, according to the Northern Virginia Association of Realtors (NVAR). The median sold price rose to $685,000, up 5.4% compared to January 2024, while the average sold price climbed 10.4% to $836,329. By contrast, the…
MEDITERRANEAN SEA — The aircraft carrier USS Harry S. Truman (CVN 75) is back at sea conducting routine flight operations in the U.S. Sixth Fleet area of operations, after departing Souda Bay, Greece, on Feb. 23, following completion of an emergent repair availability (ERAV). The Truman collided with a merchant ship in the Suez Canal…