Defense Reconciliation Meets The Strategic Needs Of The Moment
The $350 billion in the reconciliation bill is designed to address shortfalls that cannot be solved through ordinary budget growth alone.
Power & Capital Desk
Who’s Watching The Watchdogs? House Demands Answers After Scathing Audit Of Inspectors General
In September 2024, the House Oversight Committee sought a GAO investigation into the matter.
‘Malign Influence Across All Levels of Government’: House Chairman Eyes Potential China Influence In US Judiciary In Climate Cases
The report says the Environmental Law Institute has maintained a longstanding relationship with Chinese government-affiliated organizations and institutions through its China Program.
How Does Xi Want China To Beat Global Tech Rivals
Xi acknowledged weaknesses in China's technology sector, including limited original innovation, an imbalanced talent pool, inefficient investment and obstacles that slow commercialization of research
Court Rejects Trump Media's $3.8 Billion Claim Against The Washington Post
U.S. District Judge Thomas Barber ruled that Trump Media did not present sufficient evidence to show the newspaper acted with "actual malice," the standard public figures must satisfy in defamation cases.
Watch: Trump Says Ukraine To Get Rights To Make Patriot Systems
The Patriot Air Defense systems is a highly advanced, mobile surface-to-air missile system.
Bezos' Blue Origin Hits $130 Billion Valuation
Blue Origin is raising about $10 billion in its first public fundraising round, valuing the space company at approximately $130 billion
House Panel Urges Wizards, Capitals Owner To End Alibaba Ties
According to the report, Rep. John Moolenaar requested confirmation by July 15 that the company has severed ties with the Chinese technology giant and its affiliates.
Congress And Insider Trading: The Rules Don’t Apply When You Make The Rules
They write laws governing entire industries, receive classified briefings about policy decisions before they’re public, and sit on committees with direct oversight authority over the sectors they’re trading. Most of them keep trading.
Trump Administration Ends Iran Oil Sales Authorization
According to the report, U.S. officials said the memorandum of understanding with Iran was always intended to be performance-based, with continued sanctions relief dependent on Tehran's conduct.
Netanyahu Says F-35 Deal With Turkey Would Upset Regional Balance
According to the report, President Donald Trump indicated at the NATO summit in Turkey that he is open to reversing the ban on F-35 sales that was imposed during his first term, describing Turkey as an important ally.
DOGE Officially Ends Operations After Federal Cost-Cutting Drive
The report said DOGE was established after President Trump renamed the U.S. Digital Service and directed federal agencies to provide broad access to unclassified records and information systems.
House Committee Announces Fraud Investigation Into Autism Therapy Firm
Committee Chairman Tim Walberg, R-Mich., and Rep. Rick Allen, R-Ga., requested extensive records from The Perfect Child LLC, a company that provides autism therapy services nationwide.
Why Is Lockheed Martin Acquiring Ultra Maritime
According to the report, the acquisition will strengthen the company's naval defense portfolio as global demand for advanced military technologies continues to rise.
Why Is NATO Demanding New Defense Spending Plans
The report said NATO is expected to announce tens of billions of dollars in new defense industry contracts during a forum on Tuesday.
Google Loses Appeal Against €4.1 Billion EU Antitrust Fine
The ruling effectively upholds one of the largest competition penalties ever issued by the European Commission.