Investing

David J. Bier The House of Representatives recently passed its budget reconciliation spending bill, the One Big Beautiful Bill Act (H.R. 1). The bill changes numerous aspects of tax and…

Mike Fox May 28 started like any other day but ended with a profound triumph for my Cato colleagues and me. As Cato’s President Peter Goettler said, “Sometimes it’s the constancy…

Colleen Hroncich Should the Department of Education be shut down? Normally, I’m an easy yes on that question for several reasons: the federal government has no constitutional role in education;…

Jeffrey Miron Imagine a college campus where the Department of Education has no jurisdiction. No audits, no diversity mandates, no Title IX compliance offices. No federal student loans or threats to…

Walter Olson This morning the Supreme Court handed down unanimous decisions in six cases. Three are likely to pass with little notice (Labcorp v. Davis, class action certification without injury,…

Gene Healy For four months, President Trump has treated the 1977 International Emergency Economic Powers Act (IEEPA) as his personal, Oval Office “tariff button”—allowing him to launch trade wars as…

Tad DeHaven Do you enjoy getting pennies back in change when you pay for something with cash? Probably not. Pennies are generally a nuisance for both buyer and seller and…

Dominik Lett The White House has sent a special spending cut package to Congress requesting $9.4 billion in rescissions to foreign aid and federally funded media programs. This is a welcome opportunity…

Alex Nowrasteh President Trump announced that he’s banning almost all travel and immigration from Afghanistan, Burma, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and…

Clark Packard and Alfredo Carrillo Obregon On June 3, President Trump signed an executive order doubling his bogus Section 232 “national security” tariffs on steel from 25 percent to 50…