This morning Republicans will have their last chance to get answers about the Consumer Financial Protection Bureau before it opens on July 21. The brains behind the operation, Elizabeth Warren, is scheduled to testify before the House Oversight and Government Reform Committee at 9:30 a.m. ET. Today also marks the …
According to two top officials, the Navy is operating at an “unsustainable” pace for its current force structure. At a House Armed Services Committee hearing recently, Vice Admirals William Burke and Kevin McCoy described a force that was falling into disrepair and struggling to cover ever-increasing responsibilities with decreasing manpower …
Conservatives, including The Heritage Foundation, support reforming Medicare to provide seniors with a defined contribution to apply to the health care plan of their choice. This approach would address the program’s insolvency, and it is superior to other options—including the President’s plan to allow an unelected board of officials to …
Today, Representative Rob Bishop (R–UT) introduced the A-PLUS bill, which allows states to opt out of the myriad programs funded under No Child Left Behind (NCLB) and use their money for priorities they deem most important. As Heritage Foundation analyst Lindsey Burke notes: There are some 60 competitive grant programs …
Listening to some politicians recently, you’d think capitalism benefits only those on Wall Street, not Main Street. Yet the benefits of capitalism have proven over history to benefit all of society. The heart of capitalism is the private ownership of property. Without free enterprise, individuals would not be able to …
Were the founders really committed to eradicating slavery? It is commonplace to dismiss the Founders as racists who may have attacked slavery from time to time in writing but never in action. Critics of the Founders often claim that, since the Constitution did not abolish slavery, the Founders were unconcerned …
India’s financial capital, Mumbai, experienced yet another terrorist attack today that initial estimates say killed at least 20. Terrorists detonated improvised explosive devices (IEDs) in three separate locations of the city almost simultaneously. The first two blasts occurred at around 6:55 pm, one in a jewelry market and one in …
It’s a continued slow pace of recovery for the U.S. economy, Federal Reserve Chairman Ben Bernanke said in testimony today before the House Financial Services Committee. MarketWatch reports: At the moment, Fed officials see a recovery that “will likely remain moderate,” Bernanke said, with the unemployment rate falling “only gradually.” Inflation is …
