Two Junes ago, when the Supreme Court upheld, 6-3, a challenged provision of the Affordable Care Act (ACA), Chief Justice John Roberts, writing for the majority, vented: “Congress wrote key parts of the Act behind closed doors. Congress passed much of the Act using a complicated budgetary procedure known as ‘reconciliation,’ which limited opportunities for debate and amendment, and bypassed ...

Financial markets are frothier than a millennial’s 3-D latte. Investors are scrambling to throw money at Argentina, Vice Media and George Clooney’s tequila. Only the crypto-currency craze seems to give us comfort there are worse bubbles out there. The latest warning against digital currencies comes from Aberdeen Asset Management’s top venture capitalist, Peter Denious. He blames a feeding frenzy of ...

The European Commission’s decision to let Italy spend up to 17 billion euros ($19 billion) to clean up the mess left by two failed banks is bad news — and not just for Italy’s taxpayers. It’s also a setback for the euro zone’s putative banking union, and for the European Union’s efforts to supervise anti-competitive state aid. Over the weekend, ...