US FY2023 defence budget emphasises investments in modernisation and procurementsFlavia Camargos Pereira in Kansas CityUnmanned Vehicles
In June 2023, the U.S. Congress approved the 103rd debt ceiling raise in the country since 1945 after months of partisan arm-wrestling. The bill allowed the U.S. government to avert a debt default by borrowing more. Analysts added that the issue of piling up debt will further damage the...
However, with a 10-year bond yield at close to 4.6 percent and a 30-year bond yield at over 4.8 percent — both clearly well above the expected inflation rate — the interest burden on the federal government has already exceeded the US defense budget. The Congressional Budget Office now pro...
"We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration. Over the next decade, we expect larger deficits as entitlement spending rise...
In June 2023, the US Congress approved the 103rd debt ceiling raise in the country since 1945 after months of partisan arm-wrestling. The bill allowed the US government to avert a debt default by borrowing more. Analysts added that the issue of piling up debt will further damage the US do...
These conflicts have refocused attention for the US government on supporting the rules-based international order it upholds and providing material and training assistance to major NATO and non-NATO allies. The National Defense Authorization ACT (NDAA) for 2025 stipulates an expected defense budget ...
Still, China's government has sought to make Xinjiang a heavy industry hub, and it is important for the processing of aluminum and for producing auto parts, solar components and other goods that make their way into global supply chains. The U.S. Congress has passed laws to pre...
“Additionally, the government should lift constraints on H2-B visas by expanding eligibility to include India so there are options available for addressing employers’ needs for additional seasonal workers. Finally, for all franchisees, the Federal Trade Commission should thoughtfully review the Franchis...
“The US government’s decision to imprison migrants at the Guantanamo Naval Base, in an enclave where it created torture and indefinite detention centers, shows contempt for the human condition and international law,” Rodriguez said on X. ...
less aggressively. Trump and his trade advisers wrongly believed that they could bring China to heel over trade. But as will be seen from this article, the US trade deficit with China and elsewhere is a problem of her own making — it is the twin of the US Government’s budget deficit....