Do UFOs Exist? Congress Will Push Defense Department to Tell All: Kiplinger Economic Forecasts
Lawmakers could use hearings and subpoenas to get the truth about UFOs and UAPs.
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.
![https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png](https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-320-80.png)
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
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Sean Lengell covers Congress and government policy for The Kiplinger Letter. Before joining Kiplinger in January 2017 he served as a congressional reporter for eight years with the Washington Examiner and the Washington Times. He previously covered local news for the Tampa (Fla.) Tribune. A native of northern Illinois who spent much of his youth in St. Petersburg, Fla., he holds a bachelor's degree in English from Marquette University.
-
Visa Is the Worst Dow Stock Wednesday. Here's Why
Visa stock is down sharply Wednesday after the credit card company came up short of revenue expectations for its fiscal Q3.
By Joey Solitro Published
-
Another Analyst Moves to the Sidelines on Tesla Stock After Earnings
Tesla stock is spiraling Wednesday after the EV maker's big earnings miss and Wall Street has been quick to weigh in. Here's what you need to know.
By Joey Solitro Published
-
Taking Stock of the Presidential Race: The Kiplinger Letter
The Kiplinger Letter As Trump consolidates Republicans, Biden faces pressure to drop out.
By Matthew Housiaux Published
-
Congress Spends Big on Closing the Digital Divide
The Kiplinger Letter A massive spending program is designed to bring high-speed internet to rural and remote locations.
By John Miley Published
-
Future U.S. Economic Growth Hinges on Immigrants
The Kiplinger Letter With the native birthrate slipping, employers are increasingly relying on foreign-born workers to staff up.
By David Payne Published
-
Biden's Plans to Impose an Income Tax on Death
The Tax Letter The president has proposed a new taxing regime that would make death an income tax realization event for wealthy decedents.
By Joy Taylor Last updated
-
Key Tax Provisions That Are Expiring After 2025
The Tax Letter Unless Congress decides to act, lots of tax changes will take effect in 2026, including higher tax rates and lower standard deductions.
By Joy Taylor Published
-
Who Will Replace Mitch McConnell as Senate Republican Leader?
The Kiplinger Letter The runners and riders to replace Mitch McConnell as Senate Republican leader are lining up...
By Sean Lengell Published
-
Top 10 Tax Expenditures in 2024: The Tax Letter
The Tax Letter Costly tax breaks will likely come under scrutiny from lawmakers trying to reduce the national debt. We review the 10 largest individual tax expenditures.
By Joy Taylor Published
-
Odds of Republicans Retaking the Senate Gain Momentum: The Kiplinger Letter
The Kiplinger Letter With the Democrats facing an uphill task, all eyes are on the Republicans in the race to take the Senate.
By Sean Lengell Published