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Economy

Trump Administration Makes Biggest Sale of Federal Drilling Rights in Four Years

Kenneth Artz, The U.S. Bureau of Land Management sold drilling rights on 278 parcels of federal land, mostly in Wyoming, for $129.3 million, the largest lease sale in four years. After President Donald Trump stated announced his administration’s approval of expanded drilling for oil and gas on federal lands, the U.S. Bureau of Land Management

Government Makes the Poor Poorer

Stephen Moore, For all the obsessing in Washington over income inequality, why isn’t there more outrage over government policies that exacerbate the problem? There are hundreds of programs that increase poverty in America. Last week, at the Heritage Foundation forum on this very topic, my colleagues exposed many of these programs. Economist Don Boudreaux of

Durbin Amendment Routing Provision Costly to Consumers

Andrew Quinlan, Once again, politicians in our nation’s capital failed to beat the free market by setting price controls. This should come as no surprise. Historically, government price-setting has never resulted in any tangible benefit for American consumers—the very people it’s intended to help. Anyone who lived through the gas shortages of the 1970s or

Trump administration approves Keystone XL pipeline

The Trump administration has issued a presidential permit to pipeline builder TransCanada to build the Keystone XL pipeline. White House press secretary Sean Spicer tweeted that President Donald Trump would discuss the pipeline later Friday morning. The State Department says that it determined that building Keystone serves the U.S. national interest. That’s the opposite conclusion

Andy Schlafly: Trump Puts Economic Nationalism on the Agenda

Editor’s Note: This column was co-authored by John Schlafly When President Trump pulled the United States out of the Trans-Pacific Partnership (TPP) in January, he was fulfilling a campaign promise. During last year’s campaign, Trump had repeatedly called the TPP a “disaster” for American workers, while ridiculing Hillary Clinton for calling it the “gold standard.”

Trump’s Budget Turns ‘Policies Into Numbers’

Debra J. Saunders, President Donald Trump presented a radically different budget blueprint to Congress on Thursday. The new plan would increase defense spending by $54 billion and fund the increase with targeted cuts in other discretionary spending. What makes the $1.1 trillion budget truly unique, Office of Management and Budget Director Mick Mulvaney told reporters