Silicon Valley’s defense tech startups are booming as war shifts

Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop…

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The ACA, immigrants and health care

The federal government will shut down early Wednesday, in large part because of a debate between Republicans and Democrats over enhanced Obamacare subsidies and whether some immigrants should get those financial benefits. Republicans claim Democrats want to give health care to “illegal immigrants.” Democrats, in turn, say that’s a lie. Democrats say they are only…

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Cleveland Fed’s Beth Hammack on interest rates, inflation and tariffs

Federal Reserve Bank of Cleveland President Beth Hammack attends the Federal Reserve Bank of Kansas City’s 2025 Jackson Hole Economic Policy Symposium, “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy”, in Jackson Hole, Wyoming, U.S., August 21, 2025. Jim Urquhart | Reuters Cleveland Federal Reserve President Beth Hammack on Monday said the U.S. central…

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State of play as deadline looms

U.S. Senate Majority Leader John Thune (R-SD) speaks to members of the media alongside fellow Republicans during a press conference following Republicans weekly policy lunch on Capitol Hill in Washington, D.C., U.S., September 3, 2025. Nathan Howard | Reuters As congressional Democrats push to tie extending Affordable Care Act insurance subsidies to the government funding…

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