NEWSWORTHY
Japan's budget for AI to be less than a fifth of that planned by U.S. and China
At less than 20 percent of the U.S. and Chinese budgets, Japan’s tepid investment in artificial intelligence may worsen its ability to compete in the red-hot field.
Trump's $1.5 trillion plan to overhaul U.S. infrastructure faces significant hurdles
U.S. President Donald Trump will roll out an infrastructure plan on Monday that already faces significant hurdles in Congress because it does not offer as much new federal funding as Democrats want or directly address how to pay for the effort. The plan to use ...
Trump signs deal to end brief agency shutdown and boost U.S. spending
A brief U.S. government shutdown ended on Friday after Congress passed and President Donald Trump signed into law a temporary spending deal expected to push budget deficits past $1 trillion annually with new military and domestic outlays. But Trump is expected to unveil on Monday ...
China defense spending to eclipse rest of Asia-Pacific by 2030: report
China has been spending more and more on modernizing its defense systems and technologies. So much so that its budget is set to surpass the rest of the Asia-Pacific region combined by 2030. Last year, the region's largest economy spent about $193 billion on defense ...
U.S. House passes stopgap spending bill as Trump threatens shutdown over immigration
The U.S. House of Representatives on Tuesday approved another stopgap bill to keep the federal government from shutting down, hours after President Donald Trump said he would "love" to see a shutdown if immigration legislation was not included. In a further sign of the Republican-controlled ...
U.S. President Donald Trump will propose increasing total defense spending to $716 billion in fiscal 2019 in his budget request expected to be released in February, a U.S. official said, backing the Pentagon's push for a major buildup. The funding would include $597 billion for ...
Democrats, Republicans trade blame as U.S. government shuts down
The federal government shut down at the stroke of midnight Friday, halting all but the most essential operations and marring the one-year anniversary of President Donald Trump's inauguration in a striking display of Washington dysfunction. Last-minute negotiations crumbled as Senate Democrats blocked a four-week stopgap ...
France expects U.K. to pay up and take more refugees to maintain border: official
France expects the U.K. to agree to take more asylum seekers and pay more for border security in order to maintain a frontier on the French side of the English Channel, a French government official said. The U.K.'s border was extended into France under a ...
After hot debate, U.S. tax bill expected to be a boon for businesses
Is it a giveaway to the rich or a relief for the middle class? A boon for business or unnecessary stimulus for an economy already at full employment? The sweeping tax reform package adopted by a slim margin of 51-49 early Saturday by the Republican-controlled ...
U.S. Senate panel rejects Trump's 'doctrine of retreat' on foreign policy
A powerful Senate committee blasted the Trump administration on Friday in a report accompanying its spending plan for the State Department, saying its approach to foreign policy weakens U.S. standing in the world. On Thursday, the Senate Appropriations Committee voted 31-0 for legislation allocating more ...
Defense spending set to reach a record, as ministry seeks anti-missile measures in budget request
The Defense Ministry on Thursday requested a record-high budget of ¥5.26 trillion for fiscal 2018, underscoring heightened concern over what Prime Minister Shinzo Abe called the "unprecedented" and "grave" security threat posed by North Korea's military provocations. This request, if approved by the government, would ...
