California’s potential “billionaire tax” is the latest catalyst that is driving a capital exodus that puts the state’s tax base, budget and political power at risk. The measure would levy a one-time 5% wealth tax on residents with more than $1 billion in assets, including unrealized gains — a proposal California Gov. Gavin Newsom has warned could backfire. Supporters say the tax would close budget gaps, while economists...

Three days after President Donald Trump exploded a political bomb in Louisiana’s Senate race by endorsing Republican Rep. Julia Letlow over incumbent GOP Sen. Bill Cassidy, Letlow announced her campaign. Letlow declared her candidacy at a closed-door business breakfast in Baton Rouge, Louisiana, Tuesday morning, according to Republican sources. And in a social media post and video that shortly followed, Letlow emphasized that “Louisiana deserves a conservative Senator...

North American Aerospace Defense Command (NORAD) aircraft are headed to Pituffik Space Base, Greenland, for “long-planned” activities, as President Donald Trump continues his controversial push for the U.S. to acquire the island. The NORAD aircraft at Pituffik Space Base, along with aircraft operating from bases in the U.S. and Canada, will support the planned efforts, “building on the enduring defense cooperation between the United States and Canada, as...