Immediate 23% cuts in weapons programs and military construction projects would require not just reductions in expenditures that could be ramped back up late, but wholesale cancellations of vital projects.

An unfortunate aspect of national discourse on Afghanistan has been a loss of focus on how South Asia fits more broadly into the wider Asian region and beyond. This means measuring U.S. actions in South Asia against two broader yardsticks: their impact on the spread of radical Islam and on hegemonic Chinese ambitions in Asia.

Barack Obama’s presidency has had profoundly negative consequences for our national security. From debilitating cuts in defense budgets, to gutting national missile defense efforts, to his unwillingness to acknowledge a continuing war against terrorism, to his inability to stem the nuclear proliferation threats posed by North Korea and Iran....the picture is bleak.

While educators are eager to forget the financial woes of the past two years and return to the familiar routine of steady budget increases, the fiscal outlook for America's fourteen thousand school districts is bleak--not just for next year, but for a half decade or more.

An examination of the 50 largest U.S. bank holding companies in 1983 reveals the riskiness of banking and its pervasive consolidation over the last generation, helping observers prepare for further creative destruction.

This book by Alan Viard and Robert Carroll proposes to completely replace the income tax system with a progressive consumption tax.

We criticize schools often enough for being relics of the past. There is no need to make school accountability policies yet another bad example.

On a variety of indicators, President Obama has far more in common with incumbent presidents who lost their bid for reelection than with those who won.