China has significantly closed the innovation gap with the United States since 2007, and even more so since 2017, although the U.S. still leads China in research and development (R&D) spending, according to a recent Information Technology and Innovation Foundation (ITIF) report. […]

Uncle Sam Federal spending Piggy bank

The Congressional Budget Office (CBO) today estimated the cost of the partial Federal government shutdown–which began Dec. 22 and ended Jan. 25–at $11 billion of reduced U.S. gross domestic product (GDP), although most of that amount will be recoverable in future periods.