David J. Bier President Trump signed a new proclamation that bans nearly all legal immigration from about 40 countries, covering about one in five legal immigrants from abroad and nearly…
Investing
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Editor's PickInvesting
DOGE Produced the Largest Peacetime Workforce Cut on Record, but Spending Kept Rising
Alex Nowrasteh and Krit Chanwong The Department of Government Efficiency (DOGE) first set a goal to balance the budget by cutting $2 trillion in waste, fraud, and abuse. This goal…
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Adam N. Michel Over the last few weeks, a wave of headlines has painted a similar story: the One Big Beautiful Bill Act (OBBBA) has handed corporate America a massive…
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Tad DeHaven In an interview with the Wall Street Journal over the weekend, the president confirmed that he’s considering taking equity stakes in defense companies—“he” being the federal government. Trump…
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Editor's PickInvesting
HC v. Chudzik Brief: Court Gamesmanship Should Not Excuse Violations of the Right to Bail
Matthew Cavedon When defendants in criminal cases are arrested in Lancaster County, Pennsylvania, they appear before magisterial district judges to be arraigned. Judges set the amount of cash bail at…
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Romina Boccia and Ivane Nachkebia The Cato Institute recently conducted a nationally representative Social Security survey of 2,000 Americans, exploring their attitudes toward the program, their understanding of how it…
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Editor's PickInvesting
Stablecoins, Money Market Funds, and the Regulatory Mess We Refuse to Clean Up
Norbert Michel and Ryan Chan-Wei Yesterday, Politico’s “Morning Money” had a great interview with House Financial Services Chair French Hill (R‑AR) discussing, among other upcoming issues, the path forward on…
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Ian Vásquez Four years after the outbreak of the COVID-19 pandemic, the level of human freedom in the world has remained depressed, according to the Human Freedom Index 2025, published…
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Romina Boccia Last week, I hosted a Cato book discussion with Kurt Couchman (Americans for Prosperity), author of Fiscal Democracy in America. We were also joined by Marc Goldwein (Committee…
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Peter Van Doren The Federal Emergency Management Agency (FEMA) recently denied a request for disaster assistance from Allegany County, Maryland, which voted for Donald Trump by a margin of 40…
