cato institute

According to the U.S. Treasury's fiscal data, the country's total public debt hit $32.659 trillion on July 27, an increase of $392.75 billion compared to last month.  The Federal Reserve Bank of St. Louis said that the surge has brought America's quarterly interest payments on its...

On Thursday, a Congressional committee will attempt to sort through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and stocks like GameStop Corp. (NYSE: GME) that recently experienced extreme surges in volatility. The House...

"For too long, our country has tolerated unacceptable delays and long wait times on the tarmac,” President Donald Trump said on Monday as he officially announced a plan to privatize air-traffic control. Trump’s plan notes: “America's growing aviation system demands a new...

As testimony continued in a manner one blogger described as a "remarkably slow cadence," incoming Federal Reserve Chairwoman, Janet Yellen, told Congress Tuesday that the central bank remains optimistic on the economy and was determined to retreat from its stimulus program slowly. In prepared...

Almost every year Congress allows a large number of tax credits and breaks to expire according to NPR. Then, following intense lobbying by various constituencies, some or all of them are restored. Whether your favorite tax credit or break is restored – that’s the roulette part. This year at...