Obama promises eliminating wasteful spending
US President Barack Obama on Wednesday promised to eliminate wasteful expenditure which adds burden on the American economy.
Addressing the joint session of the US Congress, Obama said his administration has begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs.
While this process will take some time, Obama he has already identified two trillion dollars in savings over the next decade.
"In this budget, we will end education programs that don't work and end direct payments to large agribusinesses that don’t need them. We'll eliminate the no-bid contracts that have wasted billions in Iraq, and reform our defence budget so that we're not paying for Cold War-era weapons systems we don't use," Obama said.
"We will root out the waste, fraud, and abuse in our Medicare program that doesn't make our seniors any healthier, and we will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas," Obama said.
Tesla and SpaceX CEO Elon Musk once expressed concerns about the falling birth rate and said he was doing his best to help the underpopulation crisis. "Mark my words, they are sadly true," he said in another tweet. The Billionaire tech entrepreneur made the comment after a report by Business Insider that Musk quietly welcomed twins in November with an executive at his artificial intelligence company Neuralink, Shivon Zilis.
The World Health Organization issued its first situation report on the spread of monkeypox on Thursday, detailing the typical profile of those affected by the outbreak so far. From January 1 to July 4, 6,027 laboratory-confirmed cases of monkeypox and three deaths have been reported to the WHO from 59 countries. Some 82 percent of the cases are in Europe and 15 percent are in the Americas.
“To be a leader, to call Russia an evil and to take responsibility in the hardest times. To be a leader - to be the first to arrive in Kyiv, despite missile attacks. Thanks Boris Johnson for realising the threat of RF (Russian Federation) monster and always being at the forefront of supporting Ukraine,” Mykhaylo Podolyak, aide of Ukraine's President Volodymyr Zelenskyy, said in a video on Twitter on Thursday.
Duncan Smith, one of a cabal of right-wing eurosceptics dubbed "bastards" by Major, won the Conservative leadership in 2001, replacing William Hague after the party suffered another election defeat to Labour. He lost a confidence vote, becoming the first Tory leader not to fight a general election since Neville Chamberlain, who was accused of appeasing Adolf Hitler in the late 1930s.
Boris Johnson said on Thursday that he would resign as Britain's prime minister, bowing to calls from ministerial colleagues and lawmakers in his Conservative Party. Because if I have one insight into human beings, it is that genius and talent and enthusiasm and imagination are evenly distributed throughout the population but opportunity is not. And that's why we must keep levelling up, keep unleashing the potential in every part of the United Kingdom.