That’s how much in income tax breaks U.S. corporations received in 2011, according to a Government Accountability Office report. The total refers to so-called tax expenditures — revenue that the federal government foregoes because of exemptions, deductions, credits, deferral or...
Read more »Bloomberg by the Numbers: $181 Billion
Photograph by Boeing via Bloomberg
A Boeing Co. ScanEagle Unmanned Aerial Vehicle (UAV) flies over the ocean.
FAA Going Slow on Drones as Privacy Concerns Studied
The Federal Aviation Administration told Congress it’s further delaying the naming of six test sites for unmanned aircraft, as called for in a law passed Feb. 14, as it weighs the privacy implications of the new technology. FAA acting chief Michael Huerta’s letter...
Read more »CIA Gets Slap on the Wrist for Being Deceptive
The Central Intelligence Agency was dinged for deception yesterday by a U.S. government watchdog office. You read that right. Our spy agency received a slap on the wrist from the Government Accountability Office, which arbitrates contract disputes. The GAO faulted...
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