Tag Archives: funding

Lara Logan: Biden executive orders have ‘rescinded’ federal funding for border operations


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North Korea is funding its nuclear program with hacked cryptocurrency, other cyber-theft, U.N. panel reports


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Wyoming GOP censures Cheney, says it intends to ‘withold any future political funding’


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Trump signs massive funding measure


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Kyle Rittenhouse is funding his legal defence team by selling ‘Free Kyle’ merchandise


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Senators expect to pass government funding, coronavirus relief bills this weekend


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The House approved a one-week extension to government funding, as the bipartisan group behind the $908 billion COVID-19 stimulus plan says it’s ‘working around the clock’


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Harvard Chemistry Dept. Head Charged with Failing to Disclose Chinese Funding

Harvard Chemistry Dept. Head Charged with Failing to Disclose Chinese FundingThe head of Harvard University's chemistry department has been charged with failing to disclose funding from the Chinese government, according to an indictment unsealed on Tuesday.Charles Lieber, the department head, allegedly hid his participation in China's "thousand talents" program from officials in the Defense Department and the National Institutes of Health.China uses what it calls "talent plans" to encourage scientific research by providing government funding to select scientists. The U.S. government has charged a number of individuals funded by talent plans with attempting to steal U.S. intellectual property for the Chinese government."While association with a Talent Program is not illegal, it can create incentives to steal, violate export controls, or (at a minimum) conflicts of interest," said John Demers, chief of the national security division at the Justice Department, at a November presentation.In one case, the Justice Department revealed in November that federal agents in 2017 had stopped Haitao Xiang, a Missouri resident and employee of an agriculture-biotechnology company, from boarding a plane to China with a copy a proprietary algorithm belonging to his company.Also in November, the FBI admitted in a Senate hearing that it had not done enough to counter the threat of intellectual property theft by China."With our present-day knowledge of the threat from Chinese plans, we wish we had taken more rapid and comprehensive action in the past," said John Brown, assistant director of the counterintelligence division at the FBI, at the hearing. "The time to make up for that is now."



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U.S. Denies Seeking 20% Troop Funding Boost From South Korea

U.S. Denies Seeking 20% Troop Funding Boost From South Korea(Bloomberg) — The U.S. denied a report that it’s demanding South Korea pay as much as 20% more to host American troops, as funding talks between the two nations continue.The 10%-20% figure referred to in Korean media is “ungrounded speculation,” a Trump administration official said by email. U.S. negotiators will seek a “fair and equitable” outcome at the next round of talks in early January, the official said.Last month, U.S. negotiators walked out of a meeting on troop funding in Seoul after South Korea balked at a $ 5 billion price tag for hosting U.S. troops — a fivefold increase. Citing a diplomatic source it didn’t identify, South Korea’s Chosun Ilbo newspaper reported earlier this week that the White House had dropped that demand after receiving assurances Seoul would purchase more American weapons. The increase may now be about 10%-20% above the current level of nearly $ 1 billion, the newspaper said.The deal, known as the Special Measures Agreement, technically expires at the end of this year. But both sides are likely to agree to some sort of temporary extension as they negotiate, allowing for the continued operations of about 28,500 U.S. military personnel on the peninsula.The talks with South Korea could affect other countries that host U.S. troops, as the Trump administration is seeking funding increases from other American allies.To contact the reporter on this story: Kanga Kong in Seoul at kkong50@bloomberg.netTo contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Edward Johnson, Tom RedmondFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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Tunisia in Transition Braces for IMF Visit as Funding Needs Rise

Tunisia in Transition Braces for IMF Visit as Funding Needs Rise(Bloomberg) — Tunisia’s turbulent political scene faces a new potential obstacle, as the government prepares to receive an IMF mission to discuss its economic program while also planning to raise external financing by about 10%.The International Monetary Fund’s mission is slated to begin Oct. 8, five days before a tightly contested presidential run-off vote between two political outsiders. Around the same time, parliament is due to start discussing a draft budget for 2020.That document will likely be a key issue for the IMF before it approves the next installment of a $ 2.9 billion loan it extended to Tunisia in 2016. The government has butted heads with the Washington-based lender over enacting its program before, as it tries to balance spending cuts with keeping a lid on discontent spurred by issues such as high youth unemployment.Economic growth slowed to 1.1% in the first six months of 2019, less than half the pace of expansion during the same period the year before. Tunisia’s 2011 ouster of then-leader Zine El Abidine Ben Ali was the spark for the Arab Spring that roiled the region, but the subsequent failures of nine consecutive governments paved the way for the drubbing of veteran politicians in last month’s presidential elections.Under the draft budget, the North African country will require 8.8 billion dinars ($ 3.1 billion) in external financing and another 3 billion dinars in domestic funding, according to an official familiar with the government’s plans. The official spoke on condition of anonymity because the figures have yet to be made public. External financing needs were 8 billion dinars in 2019.The next review could contain “commitments” by the government “on the choices and reforms to be undertaken,” Major Reforms Minister Taoufik Rajhi was quoted as saying by the state-run TAP news agency. “The sixth review is necessary to ensure the financing of the 2020 budget.”Separately, Rajhi told Bloomberg that no decision had been taken on the methods, size or timing of the potential external funding. Tunisia sold 700 million euros ($ 766 million) in international bonds in July.IMF Urges Tunisia Discipline After Flouting of Wages AdvicePrevious run-ins between the government and IMF have resulted in the delay of the payout of at least one loan installment, further squeezing the country’s finances and leaving it for a time with reserves to cover less than three months of imports.To contact the reporter on this story: Jihen Laghmari in Cairo at jlaghmari@bloomberg.netTo contact the editors responsible for this story: Alaa Shahine at asalha@bloomberg.net, Tarek El-Tablawy, Michael GunnFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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