New US defense chief presses lawmakers for boost in funding
WASHINGTON (Reuters) - Defense Secretary Ash Carter warned lawmakers on Tuesday that continuing cuts to U.S. defense spending were causing corrosive damage to our national security and he urged them to back the. Pentagon base budget plus $51 billion for overseas military operations would help the department repair equipment, restore training levels and invest in new weapons for the future, factors put on hold because of budget cuts and ongoing wars.
China-Algeria relations: growing slowly but surely
The South African news outlet, DefenceWeb also reported this month that ���the Algerian military appears to have acquired self-propelled artillery from China and is evaluating Chinese unmanned aerial vehicles (UAVs) as it continues to vastly expand its.
Political strategy in the Budget Control Act era - Reuters
Assuming someone doesnt find a way out of the enforcement mechanisms in the bill (1 in 3 chance), there will be at least $2.1 T in deficit reduction over the next 10 years as a result.. Of that deficit reduction, at least $917 B of it is from spending cuts and discretionary spending caps, and House Republicans can guarantee that it all comes from spending cuts and caps if they are willing to threaten to cut defense a lot (which is different than actually cutting defense a��.
In Asia, old US alliances face new strains amid Chinas influence
In November 2011, with the Arab Spring uprisings in full tilt and Europe rocked by a debt crisis, President Barack Obama flew to Asia to promote a shift of Americas military, diplomatic and business assets to the region. His then. Obama will have.
Canada beats US in Olympic hockey
SOCHI, Russia ��� Canadas defending champions in mens hockey earned the right to play for their third Olympic gold medal in four Games by blanking their high-scoring US archrivals, 1-0, Friday night on 31 saves by goalie Carey Price before an audience .
The crude reality of declining crude oil prices
There were those who said that Saudi Arabia in collusion with the United States, decided to allow the price of oil to decline by refusing to accept cuts in production in order to punish Russia for its support of Syria. Others went even. Russia is.
UPDATE 1-US Republican budget cuts social spending, boosts military
WASHINGTON, March 17 (Reuters) - U.S. House Republicans on Tuesday proposed higher defense spending and deep cuts to social services including healthcare for the poor in an aggressive new budget plan that seeks to eliminate deficits by 2024.
Obama budget seeks boost for military, domestic programs.
PHILADELPHIA (Reuters) ��� President Barack Obama will call for a 7 percent rise in U.S. domestic and military spending in his budget that would end caps known as ���sequestration,��� the White House said on Thursday, setting up a new. The White House hopes it can find common ground with Republicans to prevent sequester cuts from going back into full force when the next fiscal year begins on Oct. 1.. Or view hourly updated newsfeeds in your RSS reader.
Syrias government spending to increase by 12 pct in 2015: agency
The 2015 draft budget allocates 1.14 billion pounds for ongoing costs, while investment spending will increase to 410 billion pounds from 380 billion, SANA said. But most of the money will go on social support costs, which are expected to reach 983.5.
House GOP Budget Cuts Social Programs | Kaiser Health.
Reuters: House Republicans Target Social Cuts To Shield Military Republicans in the House of Representatives on Monday will fire their first shots of the next deficit-reduction battle, advancing legislation to cut nearly $380��.
The hidden dangers of low interest rates - Reuters
Budget Your Money: The 50/20/30 Rule.. the wealthy begin paying their income taxes once again, because we CANNOT compensate for the loss of that revenue in any other way ��� certainly, not by cutting back on spending (except, of course, in military spending, which will never happen). Leaving the income tax rates where they are now, and attempting to cut back on social spending as the Republicans want, will create 3rd world conditions in the US overnight.
What to Watch in the Week Ahead and on Monday, Feb. 9
While weak spending by telecom service providers such as Verizon and ATandT is likely to weigh on Cisco Systems Incs results, the company is set to benefit from strong growth in the data center and security businesses. The network equipment maker is.
Has military Keynesianism come to an end? - Reuters
Keynes, long dead before American defense hawks adopted him as their patron saint, offered few views on whether spending on war was an appropriate use of his remedies for boosting economic activity.. The GOP leadership appears to have made a double blunder: They have invited the axman to cut a departmental budget that would best be done by a scalpel; and they have handed the president an unprecedented means to demonstrate, state by state, or even��.
Adidas marketing push an uphill battle against cool Nike
BERLIN (Reuters) - Sportswear firm Adidas probably thought it had hit the marketing jackpot when Adidas-sponsored Germany beat Adidas-sponsored Argentina to win the Adidas-sponsored World Cup. But arch rival Nike may. MARKETING SPEND After recently.
A prophetic President Bush - Reuters
President Bush had little leverage, as he needed congressional Republicans to approve military spending and to defend his administration in the endless controversies over enemy combatants and surveillance that sapped its strength... In my opinion the USA is a third world county: high military spending and zero social security. Posted by christopherfrey | Report as abusive. Apr 27, 2013. 1:16 am UTC. Just disliking the policies of George W. Bush does not make��.
French PM calls for end to Air France strike
The pilots are carrying out a week-long strike over the airlines plans to expand the low-cost operations of its Transavia brand by setting up foreign bases as it seeks to fight back against fierce competition from budget carriers. Air France is trying.
The war between Congress and the White House - Reuters
REUTERS/Larry Downing. Most Americans think the U.S. government is dysfunctional. Theyre right. Its because we have two governments at war with each other: The Blue government, led by President Barack Obama in the White House, versus. Obama enraged Republicans when he announced executive actions on immigration and Cuba.. That resulted in sequesters ��� indiscriminate across-the-board budget cuts that slashed domestic and defense spending.
Does the administration really want defense spending cuts?
Give up that leverage by saying that youd prefer cuts to entitlement spending over cuts to the Defense Department, and youve given Republicans cover to claim that cutting entitlements while achieving no Democratic priorities is a fair offer... across much of the globe, the US can easily lower its defense budget by at least 300 billions dollars a year, but Obama and his team have decided instead to target ���entitlements��� such as Social Security, Medicare, and Medicaid.
Iran 2015: Strategic, geopolitical and economic priorities
According to the IMF, Tehran will need oil prices to be near $131 a barrel to cover its spending. Yet, Iran is will likely manage this economic challenge by applying some strategies such as cutting subsidies, increasing taxes and depreciating the.
Obama Budget Sets Up Battle With Republicans
By Jeff Mason WASHINGTON, Feb 2 (Reuters) - President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by. It proposes a 7 percent rise in U.S. domestic and military spending, ending sequester caps with reforms to crop insurance programs and closing tax loopholes such as one on carried interest.. CUT the Military budget by 50%.
The consequences of Obamas debt - Reuters
Vice President Joe Biden guaranteed, ���No changes to Social Security.��� The government. Thats because every dollar borrowed requires future interest be paid; so unless future spending is cut, future taxes must go up to cover the interest. The prospect. PHOTO: Copies of U.S. President Barack Obamas Fiscal Year 2013 budget are seen stacked inside the House Budget Committee room on Capitol Hill in Washington February 13, 2012. REUTERS/Larry Downing.
Saudi Arabias education system in the spotlight again
We have heard lots of parents complaining that their children spend many years in school and, according to the report, ���they failed to meet the requirements of basic education��� which means that they failed to acquire mathematics, reading and writing.
How to target untaxed wealth - Reuters
All parties ��� whether their primary concern is preserving incentives for small businesses, closing prospective budget deficits or protecting the social safety net ��� should be able to come together around the idea that it. Here are some issues the Obama administration and Democrats and Republicans in the U.S. Congress should consider in light of the magnitude of prospective deficits and the extraordinary good fortune of those at the top of the income distribution.
Dont let the hawks win - Reuters
Republican Senator Jeff Sessions of Alabama, the ranking member of the Senate Budget Committee, says in the Bloomberg video above that across-the-board cuts would not apply to Social Security, Medicaid, Medicare. But I think we really need to dig deep when members of Congress fight to protect the U.S. military on grounds of global insecurity. In the case of Senator Sessions its useful to know a little about the dominance of military spending in his state.
Ryan plan would boost U.S. economic security - Reuters
Its intriguingly simple: Limit future increases in Medicare and Medicaid healthcare spending to cut debt. Thats the. Republican Ryan thinks injecting some needed market discipline rather than sticking with President Barack Obamas bureaucratic tinkering will do the trick.. Federal government healthcare expenditure for those two programs could more than double over the next four decades to nearly 14 percent of GDP, according to the Congressional Budget Office.
Why Red States Shoulder The Deepest Cuts Under Obama
WASHINGTON, Jan 28 (Reuters) - As Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular, according to an analysis of federal spending by Reuters.. For the analysis, Reuters divided the U.S. into three categories: Republican-leaning red states where Obama got less than 45 percent of the vote in the 2012 election; competitive purple states where he won between 45 percent and��.
What is to be done about Arab Pathologies?
For the U.S. and its allies to continue to attack ISIS targets, and spare the military of the Assad regime, while delaying the implementation of its declared plans to train and equip moderate Syrian fighters opposed to Assad, and cutting off financial.
UPDATE 1-US fiscal 2014 budget deficit falls to $486 billion, CBO says
WASHINGTON Oct 8 (Reuters) - The U.S. budget deficit fell by nearly a third during fiscal 2014 to $486 billion as federal revenues grew far faster than spending, the Congressional Budget Office said on Wednesday. Releasing preliminary. Spending on.
Saudi Arabias defense posture is robust
Specifically, the United States is boosting Saudi Arabias national defense capabilities in the areas of aerospace and defense and security. Lockheed Martin. Saudi Arabias estimated $45 billion yearly military outlay represents the regions largest.
Can GOP blame Obama for the sequester? - Reuters
Theres little argument that the impending sequester ��� across-the-board government spending cuts scheduled to begin March 1 ��� will slow the nations economic growth. In fact, its already. of U.S. workers. Republicans believe that if they keep Congress fixated on an unending fiscal crisis ��� first the sequester, then the federal budget, later the debt ceiling ��� they wont have to pay attention to the programs Obama proposed in his State of the Union speech.