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Taxpayers must pay the freight for over-budget train projects
Topic - Millennium Challenge Corp.
President Barack Obama is nominating a former White House lawyer, Cassandra Butts, to be the next U.S. ambassador to the Bahamas.
With the U.S. government poised to invest billions of dollars more in aid to Africa, American companies are in danger of failing to cash in on the new largesse because of fears about the continent's stability, the ambassador from one of Washington's major African allies told editors and reporters at The Washington Times on Monday.
Never before have the security and economic fate of the African continent been so intertwined with our own, and President Obama's current trip offers an opportunity to highlight why U.S. global development and diplomacy efforts are more important than ever.
It was far from his most expensive initiative, but it may end up being one of his most significant: The Millennium Challenge Corp., which President George W. Bush set up to push foreign countries to better govern themselves, has set a new standard for foreign aid.
Tanzania's president is waging a war on hunger — and while he's at it, he wants to modernize his East African nation's agricultural sector to lift millions of his countrymen out of poverty.
George W. Bush left office less than three years ago, but for the Republicans seeking to fill his shoes as the next president, the mere mention of his name has been all but absent.
Stung by criticism that American taxpayers are footing the bill for China-owned companies to expand their influence overseas, a government development agency has said it will no longer award contracts to businesses owned by foreign governments.
A groundbreaking, 6-year-old initiative meant to reward developing countries with U.S. aid for good governance and efforts to institutionalize democracy is giving billions of dollars to nations upbraided by the State Department for corruption in government.
In April, the president of the poverty-stricken nation of Senegal unveiled what he boasts is the world's "highest statue" — a $24 million bronze artwork called "African Renaissance" that measures slightly taller than the Statue of Liberty.