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US Government Posts $234 Billion Deficit in February

The U.S. federal government posted a $234 billion budget deficit in February, according to data released Friday by the Treasury Department. Analysts polled by Reuters had expected a $227 billion deficit for the month. The Treasury said federal spending in February was $401 billion, up 8 percent from the same month in 2018, while receipts were $167 billion, up 7 percent compared to February 2018. The deficit for the fiscal year to date was $544 billion, compared with $391 billion in the comparable period the year earlier. When adjusted for …


US Government Posts $234 Billion Deficit in February

The U.S. federal government posted a $234 billion budget deficit in February, according to data released Friday by the Treasury Department. Analysts polled by Reuters had expected a $227 billion deficit for the month. The Treasury said federal spending in February was $401 billion, up 8 percent from the same month in 2018, while receipts were $167 billion, up 7 percent compared to February 2018. The deficit for the fiscal year to date was $544 billion, compared with $391 billion in the comparable period the year earlier. When adjusted for …


US Official: China’s Race to 5G Raises Global Security Concerns

Michael R. Wessel is a commissioner of the U.S.-China Economic and Security Review Commission, a U.S. government organization that investigates the national security implications of trade and economic relationship between the U.S. and China. He recently discussed with VOA his concerns about China’s race to 5G, the next generation of wireless connectivity being built worldwide. With a 5G network, users will be able to send and receive more data in less time, which could have implications for self-driving cars, smart cities and other technologies.     Q: How much does …


US Official: China’s Race to 5G Raises Global Security Concerns

Michael R. Wessel is a commissioner of the U.S.-China Economic and Security Review Commission, a U.S. government organization that investigates the national security implications of trade and economic relationship between the U.S. and China. He recently discussed with VOA his concerns about China’s race to 5G, the next generation of wireless connectivity being built worldwide. With a 5G network, users will be able to send and receive more data in less time, which could have implications for self-driving cars, smart cities and other technologies.     Q: How much does …


Tribes Call for Ban on Drilling Near Sacred New Mexico site

Native American leaders are banding together to pressure U.S. officials to ban oil and gas exploration around a sacred tribal site that features massive stone structures and other remnants of an ancient civilization but are facing the Trump administration’s pro-drilling stance.  Creating a formal buffer around Chaco Culture National Historical Park has been a long-running issue, but tribes are pushing for further protections as U.S. officials revamp the management plan for the area surrounding the world heritage site as well as large portions of northwestern New Mexico and southern Colorado. …