Foreign Ministry spokesman Lin Jian said on Monday at a news briefing in Beijing that there were indications that US intelligence agencies and cybersecurity companies had conspired to piece together their so-called evidence and spread false information in order to obtain congressional budget allocations ...
Foreign Ministry spokesman Lin Jian said on Monday at a news briefing in Beijing that there were indications that US intelligence agencies and cybersecurity companies had conspired to piece together their so-called evidence and spread false information in order to obtain congressional budget allocations ...
Austin’s speech further exposes how the US lacks sincerity. Its 2024 fiscal year budget will increase by 40 percent over last year’s request for the Pacific Deterrence Initiative, reaching a record high of $9.1 billion. It will strengthen Quad, AUKUS, work closer with Japan on uncrewed a...
Under the new debt ceiling agreement, the budgetary allocation for defense programs will increase from $858 billion in fiscal year 2023 to $886 billion in fiscal year 2024 and $895 billion in fiscal year 2025. U.S. Military Spending/Defense Budget 1960-2023 (Source: Macrotrends.net) With ram...
When the US stretches its right hand out for peace, its left hand holds a gun aimed at that person. Austin’s speech further exposes how the US lacks sincerity. Its 2024 fiscal year budget will increase by 40 percent over last year’s request for the Pacific Deterrence Initiative, reaching...
Thus, in our baseline scenario, we forecast the federal budget deficit as a share of GDP to rise slightly from the 6% expected in 2024 to 6.2% in 2025 before falling in the outer years of the forecast as economic growth outpaces spending growth. With the deficit as a share of GDP falli...
After President Biden revealed his $6.8 trillion budget for fiscal year 2024,one tax reform activistis sounding off on the "massive increase" in spending and taxes that brings the U.S. economy back to a "horrific" Jimmy Carter era.
What are the potential consequences of these policies for the budget deficit? The federal deficit in fiscal year 2024 was $1.8t, equal to 6.4% of GDP, while the total US federal debt held by the public reached historically high levels just above 100% of GDP at the end of fisca...
Administration's Fiscal Year 2014 budget as opportunities for ocean-related industries. It cites the Navy's base budget of 155.8 billion U.S. dollars, comprised of procurement funds, research and development, and operations and...
The federal fiscal year 2023 for the US government ended on Sept. 30. Before that, the Republican Party and the Democratic Party had been caught in endless disputes over the federal budget for the new fiscal year. Failure to reach an agreement on the new fiscal budget could easily lead to...