Dominik Lett and Chris Edwards A new Government Accountability Office (GAO) study examines federal programs with the highest rates of improper payments. The rates are the estimated percentages of benefits…
Investing
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Tad DeHaven (Getty Images) The Senate Armed Services Committee appears ready to do what the Republican-controlled Congress should have put a stop to: write the Trump administration’s equity stake power…
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Editor's PickInvesting
Sec. Wright: “We Will Never Come Remotely Close to Running Out of Hydrocarbons”
Michael Chapman (Getty Images) The good news about energy couldn’t be more clear: it is “massively abundant” and “always will be.” That’s according to Energy Secretary Chris Wright, who told…
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Scott Lincicome and Chad Smitson In my new Bloomberg column today, I discuss the travails of Whirlpool Corporation, a longtime advocate (and recipient) of government protection from import competition—and a…
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Nicholas Anthony President Donald Trump issued an executive order to stop the creation or development of a central bank digital currency (CBDC). Yet rumors have begun to swirl that the…
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David Inserra Senators Ted Cruz and Ron Wyden recently introduced the JAWBONE Act to stop government pressure on and coercion of companies, a pattern known as jawboning. Citing attacks on…
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Editor's PickInvesting
New Cato Study Debunks Decades of Conventional Wisdom on State Funding and Rising Tuition
Andrew Gillen A new paper released today, Trends in Higher Education: State Funding and Tuition Revenue at Public Colleges from 1980 to 2025, documents state funding, tuition revenue, and total…
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Alfredo Carrillo Obregon (Getty Images) On June 10, President Trump cast doubt on the future of the United States-Mexico-Canada Agreement (USMCA), stating that he is “not looking to renew” the…
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Nicholas Anthony The trouble with the Bank Secrecy Act is not limited to regulatory burdens, ineffective reporting, and expansionary surveillance. There’s also the problem with how this system is abused…
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Adam N. Michel (Getty Images) Representative Ron Estes (R‑KS) recently introduced House Resolution 1340, opposing foreign digital services taxes (DSTs). It is co-led by Rep. Suzan DelBene (D‑WA) and cosponsored…
