Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

Monday's release of the annual Medicare Trustees' report seems on the face of things to be a simple exercise in dry accounting – trust fund x will run out of money in year y.  In fact, it's much more than that.  It's an annual reminder that we are...

Current pension accounting rules significantly understate state pension plan liabilities and overstate their funding health. Using accurate accounting, Washington’s combined plans would face a $50.6 billion short fall. By private pension standards Washington’s pension system would be considered endangered.

For Barack Obama’s supporters on the left, to say his policy choices have been a disappointment would be an understatement. Explaining how this came about is Jack Goldsmith’s provocative new book.

In this age of ballooning U.S. debt, it’s hardly surprising that many Democrats and Republicans are pushing to reduce American military spending. But a closer examination of what’s at stake reveals just how troubling the embrace of defense austerity will prove to be.

Iranian bluster is bad enough. When Tehran is able to put substance behind it, American interests will truly be in peril. The question for Obama and the Republicans seeking to replace him is whether the United States can bear an Iranian challenge which will grow exponentially once Iran goes nuclear.

Twenty years ago this month, in its ominously titled A Nation at Risk, the National Commission on Excellence in Education delivered a devastating assessment of American education that helped shape two decades of reform. Warning that declining student achievement put the very foundations of American prosperity and security at...

All children deserve a comprehensive, content-rich education in the liberal arts and sciences, with real knowledge about civics, biology, geography, art history, and languages.