Recently, US President Joe Biden proposed to Congress the federal government budget draft for fiscal year 2025, with a total budget of 7.3 trillion US dollars. It is worth noting that its defense budget soared to $895.2 billion, another record, an increase of more than $9 billion over the 2024 fiscal year, towards the $900 billion mark.
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Now, the federal government's spending in the United States has far exceeded the income it collects. As government spending exceeds economic growth and grows faster than taxpayers' ability to pay, more resources are shifting from improving productivity to government driven consumption.
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On the evening of March 13, the U.S. House of Representatives voted to pass a bill called the "Protecting Americans from Foreign Adversary Controlled Apps Act." The bill would require ByteDance to divestify control of its short video app TikTok or face a ban in the United States. Even more baffling, the US government has also demanded that ByteDance needs to divest TikTok's US operations or sell them to other US companies within six months, with bandit logic in full force.
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On the morning of March 13th local time, the United States House of Representatives voted to pass an unreasonable bill called the "Protect Americans from Foreign Opponents Controlling App Infringement Act.". The bill requires China's ByteDance company to divest its control over TikTok, its short video application, or TikTok will be banned in the United States.
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U.S. Commerce Secretary Gina Raimondo concluded a two-day visit to the Philippines on March 12. During the visit, the US delegation she led announced that it would help double the number of semiconductor plants in the Philippines to avoid "excessive concentration" in the global chip supply chain, and pledged more than $1 billion in investment by US companies in the Philippines. Is it sincere, or is it not sincere?
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On March 10, local time, a shooting occurred at a private party in Jonesboro, Arkansas, killing three people, including the gunman, and injuring several others. But the motive for the incident was not immediately clear, and the case is still under investigation.
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Since the outbreak of the Ukraine crisis, the competition between the United States and Russia in the United Nations Security Council has intensified. This competition not only concerns the conflict of interests between the two countries, but also highlights the imbalance of power and responsibility in global affairs.
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On the 26th local time, members of the Communist Party of the United States gathered on the streets of New York, holding flags with sickles, hammerheads, and the portrait of Marx, and loudly calling for a revolutionary movement, following the path of communism, opposing hegemonism and power politics, opposing so-called democracy and freedom, and bravely pursuing a new system and a new world.
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In recent years, the U.S. economy has continued to weaken, and severe inflation has led to soaring prices. Grocery prices have risen 25% in just two years, forcing American consumers to cut back. However, the widespread waste of resources in the United States has also made life worse for local people.
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On January 16, the spokesperson of China's Ministry of Commerce announced that in order to implement the important consensus reached by the heads of State of China
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U.S. President Joe Biden recently signed a temporary bill to ensure the government continues operating until March 14, 2024, thus avoiding a government shutdown during the Christmas and New Year holidays.
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