Newsletter

  • Chart of the Day: Evolving Price of the F-35

    The 2019 National Defense Authorization Act signed in August included 77 F-35 Lightning II jets for the Defense Department, but Congress decided to bump up that number in the defense spending bill...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    Tax Cuts Put the Brakes on Bracket Creep

    Receipts from individual income taxes tend to rise every year due to what economists call “bracket creep” – the movement of more taxpayers into higher tax brackets over time, even as tax rates stay...

  • Charging Almost $200 for a Bottle of Pills Worth $6

    Bloomberg’s Robert Langreth, David Ingold and Jackie Gu take a fascinatingly detailed look at the “secret drug pricing system” that generates millions of dollars for pharmacy benefit managers,...

  • 42. District of Columbia

    Deficit Soaring in 2018

    The federal deficit was 32 percent larger in the first 11 months of fiscal year 2018 than it was during the same time period in 2017, the Congressional Budget Office announced Monday. The deficit...

  • The Cost of War Since 9/11

    The wars in Afghanistan, Iraq and Syria have cost the U.S. more than $1.5 trillion, according to Department of Defense data reported by CNCB Monday. The Pentagon report covers war-related operational...

  • Brady Ryan GOP Tax Plan

    Tax Cuts 2.0: What’s in the GOP Plan and Why It Matters

    With an eye toward November’s midterm elections, House Republicans on Monday unveiled legislation to make permanent the individual tax cuts and pass-through business deductions that were set to...

  • FILE PHOTO: The Team MIT Atlas robot "Helios" built by Boston Dynamics opens a door during the finals of the Defense Advanced Research Projects Agency (DARPA) Robotic Challenge in Pomona, California

    Pentagon Investing Billions in Next-Generation AI

    The Defense Advanced Research Projects Agency, known as DARPA, plans to spend more than $2 billion over the next five years to develop artificial intelligence technologies for military use. DARPA...