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    Reporting and news analysis on policy issues from The Heritage Foundation.

    Gulf Coast Businesses Suffer Strain of Offshore Drilling Slowdown

    As gas prices continue to climb, approaching a nationwide average of nearly $4, lawmakers in Washington turned their attention to the drilling slowdown in the Gulf of Mexico. The House Subcommittee on Energy and Mineral Resources held the oversight hearing Thursday examining how the Obama administration’s policies have put a … More

    Scribecast: One Year After Earthquake, Japan's Ambassador Talks Recovery

    Tomorrow marks the one-year anniversary of the Great East Japan Earthquake, a massive jolt to the country that caused widespread damage and had ramifications on the economy and energy sector. Japan is still recovering a year later. This week on Scribecast, we spoke to Japan’s ambassador to the United States, … More

    House Oversight Hearing Shines Light on Food-Stamp Fraud

    Food-stamp fraud and the government’s failed attempts to stop it were the focus of a House Oversight and Government Reform Committee hearing yesterday. Chairman Darrell Issa (R-CA) called the hearing in response to a Scripps Howard News Service investigative report exposing widespread abuse. The investigation revealed that retailers who lost … More

    Derrick A. Bell Visited the White House Twice in 2010

    UPDATE: In a story for ABC News, Jake Tapper asks the White House about Derrick A. Bell’s visits. “The answer from a White House official: this was not the same Derrick A. Bell,” Tapper reports. “He (sic) one had a different birthday than the late law professor, whose birthday was … More

    In the Green Room: Senator Lamar Alexander on the Wind Energy 'Scam'

    Senator Lamar Alexander (R-TN) is the ranking Republican on the Appropriations subcommittee dealing with environmental issues. He is currently working to end subsidies for wind power, an energy source that he dubs “a scam.” “We don’t have the money” to continue the subsidies, Alexander told Heritage in our latest segment … More

    CBO Debunks Myth That Tax Code Favors Oil Over Renewables

    Environmental activists and liberal politicians are fond of bemoaning the supposedly disproportionate tax benefits that go to the fossil fuel industry compared to its renewable energy competitors. The president specifically has made “ending tax breaks for oil companies” a pillar of his paltry efforts to reduce the federal deficit. But … More

    CBO: Federal Accounting Understates Cost of Credit Programs

    According to the nonpartisan Congressional Budget Office (CBO), measurements of the budget impact of federal credit do not adequately address the risks involved, and may, in some cases, dramatically understate the costs of those programs. Under the current system, federal accounting practices do not “fully incorporate the cost of market … More

    More Obama Bundlers Cash In With Massive Air Force Contract

    Ronald Ratner is the president and chief executive of Cleveland-based real estate giant Forest City Residential Group. His cousin, Deborah Ratner Salzberg, is the president of the company’s Washington D.C. office. Together, the two bundled between $200,000 and $500,000 for the 2008 Obama campaign. They’ve bundled another $200-500,000 for his … More

    Ten Questions Obama Should Be Asked at Tuesday's Press Conference

    President Obama will hold his first official press conference since October on Tuesday. Plenty has happened since then: the president has illegally appointed four officials to federal posts, Energy Secretary Steven Chu has again demonstrated his lack of concern for rising gas prices, Iran has continued its march towards nuclear … More

    Chart of the Week: Obama Makes Defense the Lowest Budget Priority

    President Obama’s budget proposes a sharp increase in entitlement spending and more outlays for domestic programs and interest on the national debt. Defense spending, meanwhile, takes a backseat to Obama’s other priorities. The long-term outlook: Obama would make defense the lowest budget priority among the major categories of spending in … More