The U.S. defense industrial base is not adequately prepared for the international security environment that now exists. In a major regional conflict—such as a war with China in the Taiwan Strait—the U ...

Catey Hill is the managing editor for MarketWatch Picks. Catey is the author of two personal finance books, “Shoo, Jimmy Choo!” and “The 30-Minute Money Plan for Moms.” She previously held positions ...