Bill Gates warns that China, other powers will fill void if U.S. cuts foreign aid

One of Bill Gates' Arizona-based investment firms, Belmont Partners, just purchased close to 25 thousand acres of land in Tonoph, Arizona for $80 million dollars to develop a "smart city!" Veuer's Chandra Lanier has the story. Bill Gates visiting an agricultural facility in Adama, Ethiopia, that processes, cleans, bags and ships white pea beans, red kidney beans, and chickpeas grown in Ethiopia to European markets. Tech pioneer Bill Gates thinks the U.S. can keep its historically influential role as a global leader. But for a second year in a row, he cautioned that the nation risks losing its geopolitical clout if the Trump administration succeeds in slashing foreign aid, as proposed Monday in a new federal budget that prioritizes a jump in military spending. Last year, the White House tried to reduce foreign aid by one-third, but Congress did not approve the cuts.