Congress has recently begun to dig into the possibility that the Department of Defense has knowledge of UFOs. To try to help you understand what is going on and what might happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Congressional obsession with unidentified flying objects is only just beginning. Lawmakers are prepared to build on recent hearings related to UFOs, or UAPs (unidentified anomalous phenomena), the official Pentagon terminology. The latest hearing included testimony from a former Air Force intelligence officer that the government has a UAP crash-retrieval and reverse-engineering program.
Besides additional hearings, they may exercise their subpoena powers in the hopes of forcing Department of Defense officials to cough up desired answers. Congress may also force the transfer of UAP records to a review panel with the power to declassify them. An amendment in the Senate version of the annual Defense Authorization Act is currently under consideration.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The Pentagon denies retrieval of UAP and has a different explanation: These mysterious sightings may be of next-generation military aircraft developed by one of America’s foreign adversaries, most likely China or Russia. Look for defense officials to stonewall Congress as much as possible.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
Related Content
- Virgin Orbit Failure Casts Cloud Over Space Voyages: Kiplinger Economic Forecasts
- How to Cash In on the Final Frontier
- 8 Amazing New Technologies That Will Make America's Military Even Stronger
- The Space (ETF) Race: UFO, ROKT and ARKX
- SpaceX in Good Shape Despite Test Flight: Kiplinger Economic Forecasts
- 9 Personal Finance Lessons to Learn From Star Wars
- We're Going Back to the Moon
-
Investments In U.S.-Made Drone Technology Are Gaining Strength — The Kiplinger LetterThe Kiplinger Letter The U.S.-Made drone aircraft, software sector has been boosted by a crackdown on Chinese drones amid security concerns.
-
Congress Races to Pass a Spending Bill as a Gov. Shutdown Looms — The Kiplinger Letter
The Kiplinger Letter McCarthy faces push-back from Congress and moderate House Republicans as they move to avoid a Gov. shutdown
-
State Legislators Are Switching Parties at a Fast Rate: Kiplinger Economic Forecasts
Economic Forecasts Switching is pacing well above the 30-year average, with Dems losing more than the GOP.
-
Falling Prices in China Could Be a Boon For the U.S.: Kiplinger Economic Forecasts
Economic Forecasts Falling prices in China could be a boon for the U.S. as the country's weakened economy shows no clear signs of improvement.
-
Could Donald Trump's Trials Affect His Reelection Bid?: Kiplinger Economic Forecasts
Economic Forecasts So far, Trump's indictments haven't dented his popularity among Republican voters.
-
Key U.S. Foreign Policy Challenges in Power Struggle with China and Russia: Kiplinger Forecasts
Economic Forecasts The U.S. faces a power struggle with China and Russia, with challenges like controlling exports of critical technologies and responding to the war on Ukraine.
-
Clean Energy Backlog Eases with Groundbreaking New Rule: Kiplinger Economic Forecasts
Economic Forecasts The Federal Energy Regulatory Commission is opening up the pathway to the electric grid, easing a clean energy backlog with a groundbreaking new rule.
-
Will Ailing Senators McConnell and Feinstein Be Replaced?: Kiplinger Economic Forecasts
Economic Forecasts As Sens. Mitch McConnell and Dianne Feinstein health issues cause concern, Republicans and Democrats are actively discussing who could take their places.
