Federal Budget Cuts
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CNBC's 2025 Top States biggest mover: Massachusetts
CNBC Television· 2025-07-10 18:17
State Rankings - CNBC's annual rankings place North Carolina as the top state for business for the third time in four years [1] - Significant shifts occurred in state rankings due to concerns about federal budget cuts [2] - Massachusetts surged 18 spots after dropping 23 places the previous year [3] States Performance - New Jersey, Iowa, Oregon, Oklahoma, and Missouri experienced notable drops in the rankings [2] - Colorado, Delaware, and New Hampshire each jumped five points, driven by workforce and economic factors [2] - Nebraska, North Dakota, and Idaho improved by nine positions [3] Economic Factors - Massachusetts faces challenges as the second most expensive state for business and one of the least business-friendly [4] - Massachusetts relies on federal research grants, which are under threat from the Trump administration, but the state is trying to fund its own research, including a billion dollars for life sciences and climate technology [4] - Virginia lost its top ranking, sparking debate about the impact of federal government changes [6] - Virginia is expected to lose jobs this year, even as the country continues to create jobs [8] - Virginia slipped to number 14 in economy, a heavily weighted category [9]
This Morning’s Top Headlines – June 11 | Morning News NOW
NBC News· 2025-06-11 13:18
Immigration & Protests - Protests against immigration raids are spreading across the country, with at least two dozen rallies and demonstrations since Monday [4] - Los Angeles Mayor Karen Bass implemented a curfew for one square mile of downtown LA due to protests [2][6] - California Governor Gavin Newsom criticized President Trump's deployment of National Guard members and Marines to Los Angeles [2][8] - White House Border Czar Tom Homan stated that protests are making immigration raids more difficult but will continue [12] - President Trump defended his crackdown on protesters in LA, stating they hate the country and will be met with heavy force [17] Political Response - Governor Newsom blames President Trump for escalating the protests [8] - President Trump accuses protesters of carrying out a foreign invasion [17] - A New Jersey congresswoman was indicted on federal charges for allegedly interfering with law enforcement officers outside an ICE facility [28][29][30] Military & Security - The deployment of National Guard members and Marines to Los Angeles is estimated to cost over $130 million, sourced from the Pentagon budget [22] - A military parade in Washington, D C, is planned, estimated to cost around $45 million, including $16 million for road repairs [18][24][25] - A bomb threat grounded a Spirit Airlines flight in Detroit; the suspect was arrested and charged [32][33][34] Weather & Forecasting - A meteorologist warned that federal budget cuts could hurt forecasting, endangering lives [40] - The National Weather Service is reportedly down almost 600 workers after layoffs and buyouts [43] - Heavy rain and potential flooding are expected in the Southern Plains, impacting 8 million people [47][48]