Jamie Dimon, chair of the Business Roundtable. Photo: Mark Wilson/Getty Images

The Business Roundtable, made up of CEOs of the nation's top companies, warns in a national innovation agenda out later today that the U.S. focus on R&D is lagging, and other countries are gaining ground.

Details: The report says the U.S. government "has grown complacent — resting on legacy achievements while underinvesting in the drivers and enablers needed to build on these achievements in the future."

  • "China has its 'Made in China 2025' plan, and earlier this month, became the first country to land a probe on the far side of the moon," says the report, "Innovation Nation: An American Innovation Agenda for 2020."
  • "Meanwhile, dysfunction in Washington abounds — from shutdowns to the inability to work together to solve America’s big challenges."

"Tight budgets, policy challenges and competing priorities have caused political leaders to avoid or postpone critical investments in human capital and R&D."

The bottom line: "The United States cannot remain a global leader in innovation unless its policy and regulatory infrastructure is responsive."

Go deeper: Read the Business Roundtable report

Go deeper

How "naked ballots" could upend mail-in voting in Pennsylvania

Trump signs in Olyphant, Penn. Photo: Eric Baradat/AFP via Getty Images

Pennsylvania's Supreme Court ordered state officials last week to throw out mail-in ballots submitted without a required inner "secrecy" envelope in November's election, the Philadelphia Inquirer reports.

The state of play: The decision went under the radar alongside the simultaneous decision to extend the time that mail-in ballots could be counted, but Philadelphia's top elections official warned state legislators this week that throwing out so-called "naked ballots" could bring "electoral chaos" to the state and cause "tens of thousands of votes" to be thrown out — potentially tipping the presidential election.

Commission releases topics for first presidential debate

Moderator Chris Wallace. Photo: Drew Angerer/Getty Images

Fox News anchor Chris Wallace has selected what topics he'll cover while moderating the first presidential debate between President Trump and former Vice President Joe Biden next week.

What to watch: Topics for the Sept. 29 debate will include Trump and Biden's records, the Supreme Court, COVID-19, economic policy, racism and the integrity of the election, the Commission for Presidential Debates announced on Tuesday. Each topic will receive 15 minutes of conversation and will be presented in no particular order.

Fed chair warns economy will feel the weight of expired stimulus

Treasury Secretary Steven Mnuchin and Fed Chair Jay Powell bump elbows before House hearing on Tuesday. Photo: Joshua Roberts/Pool/AFP via Getty Images

Federal Reserve Chairman Jerome Powell told the House Financial Services Committee on Tuesday that the expiration of Congress' coronavirus stimulus will weigh on the U.S. economy.

Why it matters: Powell warned that the effects of dried-up benefits are a looming risk to the economy, even if the consequences aren't yet visible.

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