Some consumers and businesses might see a little extra cash this summer as a result of the 2010 health care law. The Kaiser Family Foundation recently reported an estimated $1.3 billion in rebates will be delivered from health insurers who spent more than the law allotted on administrative expenses and profits.

President Obama promised that the brunt of any financial reckoning will fall mostly only on those making more than $250,000 annually. Under his healthcare plan, the economic agony starts at income levels that fall much lower than that.

Treasury Secretary Timothy Geithner has said that the administration wants to bring private capital back to the housing finance market. But without reopening Dodd-Frank and reigning in the Federal Housing Administrations (FHA), winding down government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will not be enough to allow the private market to return

Either the Navy is retiring these ships too early or its lifecycle estimates are hopelessly optimistic. But service leaders cannot have it both ways. Similarly, the administration cannot realistically “pivot” to Asia—a region defined by the “tyranny of distance”—and cut the fleet at the same time.

AEI resident scholar Mackenzie Eaglen was testifying Wednesday to the U.S. House Armed Services Subcommittee on Oversight and Investigations, in which she explained that the 2013 long-term shipbuilding plan "does not accurately portray the forces or funding necessary to execute the administration’s strategy."

Regardless of whether proposed health insurance exchanges under the Affordable Care Act are ever implemented successfully, consumers and employers need better tools to compare the relative cost and quality of the health care they are likely to receive under different plan options.

Recent advances in Iran’s nuclear weapons program show that events are moving extraordinarily swiftly, as Tehran nears the end of its decades-long quest to possess a lethal WMD capability.