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DC Wrap: Gallagher says defense cuts off the table for debt ceiling negotiations, pushes for prioritizing defense increases

U.S. Rep. Mike Gallagher says defense cuts are off the table to satisfy future spending cut requirements in a Republican debt limit bill, but there is room for more efficiency. The Allouez Republican House Armed Services Committee member in a phone interview with WisPolitics said he doubts any real defense budget cuts would pass the Republican-controlled House. The Select Committee on the Chinese Communist Party chair added there are ways to ramp up defense spending while prioritizing where the funds go to increase deterrents against China. ....

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You may be College Educated, but are you Financially Literate?

Do you know how to pay your taxes? How about investing in stocks? Know how credit scores and interest rates work? Or even how to open a savings account? If you answered no to any of those questions, you aren’t alone. In a 2022 Inside Higher Ed and College Pulse survey, only four in 10 college students called their financial knowledge “excellent” or “good.” ....

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