Report shows US deficit to exceed $1 trillion next year22 Aug, 2019
“The nation’s fiscal outlook is challenging,” said Phillip Swagel, director of the nonpartisan CBO. “Federal debt, which is already high by historical standards, is on an unsustainable course.” The office on Wednesday upped this year’s deficit projection by $63 billion and the cumulative deficit projection for the next decade by $809 billion. The higher deficit projections come even as the CBO reduced its estimate for interest rates, which lowers borrowing costs, and as it raised projections...
Russia sends robot into space to test out new booster rocket22 Aug, 2019
The Soyuz capsule, which typically carries a space crew, blasted off from the Russia-leased launch pad in Kazakhstan at 8.38 a.m. (0338 GMT) on Thursday carrying the Fedor robot. The capsule was launched by a new Soyuz 2.1a rocket which has only been used to launch unmanned vehicles. The new booster rocket is expected to replace the Soyuz-FG rocket next year.
Islamic State claims bombing at Kabul wedding that killed 6319 Aug, 2019
Saturday night’s explosion came a few days after the end of the Muslim holiday of Eid al-Adha, with Kabul residents visiting family and friends, and just ahead of Afghanistan’s 100th Independence Day on Monday. The city, long familiar with checkpoints and razor wire, has been under heavier security ahead of the event.
Indonesia’s leader says sinking Jakarta needs giant sea wall28 Jul, 2019
The president said he’s determined to push through key projects and reforms, even if potentially unpopular, noting that he’ll be less constrained by domestic politics in his second and final five-year term. Widodo was reelected earlier this year. He also addressed other ambitious plans for Jakarta, a congested, polluted and sprawling metropolis of 10 million that swells to three times that number when counting those living in the larger metropolitan area.