Economy News

With the Thanksgiving season upon us, a group of scholars is meeting today to discuss the Mayflower Compact, in a webinar series honoring the 400th anniversary of the signing of this quintessential and seminal American document. Hosted by The Heritage Foundation and the Religious Liberty Institute, the concluding webinar examines the impact of the Mayflower…

One of the unexpected consequences of COVID-19 is it forced the U.S. government to reexamine how it does its job, including how it spends on national defense. Right now, Congress must give careful attention to the national defense budget, even as it faces increasing pressure to spend on domestic programs and on issues abroad. These…

A spike in COVID-19 cases and deteriorating economic conditions has cast a shadow over Tuesday’s parliamentary elections in Jordan. These elections are widely seen as a political mechanism to mitigate the growing anger over COVID-19-related hardships, which have recently taken a turn for the worst. Jordan’s strict lockdown measures in the beginning of the pandemic…

What began as peaceful demonstrations against extrajudicial killings, police brutality, extortion, and torture committed by Nigeria’s Special Anti-Robbery Squad have become more violent in the days following the killing of at least 10 demonstrators on Oct. 20 at a place called Lekki Toll Gate in Lagos, Nigeria. That night, police fired live ammunition into the…

“If the reason that you want a 20% cut in the defense budget is because you see the U.S. military as a fundamentally destabilizing force in the world, then I’m not going to be there.” That’s how House Armed Services Committee Chairman Adam Smith, D-Wash., framed the emerging debate on the defense budget. He was…

As the economic reopening continues in states and cities across the nation, economic growth last quarter smashed all prior records—growing by 7.4%, according to the U.S. Bureau of Economic Analysis. If this blistering pace continued for an entire year, the economy would swell by 33.1%. >>> What’s the best way for America to reopen and…

As the global economy continues to rebound from the economic shocks of COVID-19, ensuring women’s economic empowerment is now more important than ever. Women will be key drivers of sustainable economic recovery and contributors to meaningful long-term development. The Trump administration positioned the U.S. to lead on these efforts even prior to the pandemic. Recognizing…

Even during tough times—perhaps especially then—American generosity abounds. The United States has been the most philanthropic country in the world (per capita) over the past 10 years. In 2019, individual Americans gave an estimated $310 billion to charity, with the country’s foundations donating an additional $76 billion and its corporations contributing more than $21 billion….

The left’s crusade to raise taxes is likely already hurting the recovery, even if former Vice President Joe Biden and liberals in Congress don’t follow through with their proposed $4 trillion of tax increases. A general indifference in Congress to growing deficits makes things worse. The profits from investments made today will be taxed tomorrow….

This article is an excerpt from the “2020 Mandate for Leadership: A Clear Vision for the Next Administration.” It looks back at policy decisions made by the Trump administration over the past four years. You can purchase your copy of “Mandate 2020” here. During the Obama administration, the nation’s regulatory burden increased by an astonishing $122…

The Bureau of Labor Statistics reported Friday that the unemployment rate fell to 7.9% as the economy gained 661,000 jobs in September, continuing to show signs of recovery and make the case that policymakers must continue to allow more parts of society to safely reopen.   Although the unemployment rate beat experts’ predictions of 8.2%, the…