The fact that firms are surviving several years after the filing bankruptcy is itself a testament to the efficient functioning of the U.S. bankruptcy system. It suggests that the bankruptcy system goes a long way toward helping businesses recover and resume operations after a bankruptcy filing.

As school districts across the country struggle financially, Frederick M. Hess of AEI and Eric Osberg of the Thomas B. Fordham Institute offer new insight into how school leaders can not only survive the current economic storm, but also restructure their schools to save money and improve efficiency.

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

Our national security would be better served if the United States captured al-Asiri and kept him alive for questioning, so we can find out what he knows.

True justice in the Pan Am 103 case would involve attacking the source of that terroris--in Libya.

Two months ago, the House adopted a budget resolution that outlines the Republican majority's ambitious plans to slow the growth of federal entitlement spending. If implemented properly, entitlement spending restraint can address the long-term fiscal imbalance in a way that promotes economic growth and freedom.

Bowman covers the latest polls on Microsoft.

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.