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While much of America was riveted by the Speaker’s race in the U.S. House of Representatives this past week, some important budget-related news slipped by with little notice. First, President Biden submitted to Congress not one, but TWO supplemental appropriations…


Federal fiscal year 2023 ended on September 30th and preliminary figures from the Congressional Budget Office indicate that the annual budget deficit totaled $1.7 trillion, approximately $300 billion more than the prior year. That alone would be bad enough, but…


With only hours to spare, on September 30th Congress successfully averted a government funding lapse/shutdown, at least for now. Another shutdown showdown will return as the calendar approaches November 17 when the current temporary funding authority expires. Washington’s pathway to…


Use the Looming Shutdown to Prevent Future Shutdowns A previous blogpost by The Concord Coalition reviewed the two options available to federal lawmakers in the event Congress is unable to enact some or all of the 12 annual discretionary appropriations…


When the dust settled after the debt limit deal in early June, many budget watchers heaved a sigh of relief for two reasons: (1) President Biden and Speaker of the House Kevin McCarthy (R-CA) managed to broker a deal that…


Key Questions Voters Should Ask Candidates About Our Fiscal Future  In the 2024 Election Cycle Download the pdf: KEY QUESTIONS FOR CANDIDATES The federal budget deficit is rising and our national debt is on an unsustainable long-term trajectory. Voters should…


A new analysis by the Congressional Budget Office (CBO) suggests that if history is any guide, our nation’s debt could become far more burdensome over the next 30 years than projected under current law. That’s an alarming prospect because the…


Members of Congress have many responsibilities but their most essential task each year is to complete the 12 discretionary appropriations bills that fund the federal government for the upcoming fiscal year. Budget law requires lawmakers to finish this work before…


Rising interest rates have an impact on the federal budget as well as household budgets. With $32.5 trillion in outstanding national debt, net interest costs are now the fastest growing category of federal spending. When interest rates rise, so too…


On May 17, 2023, America lost a pioneering champion of fiscal responsibility, and The Concord Coalition lost a very good friend: former U.S. Representative Charlie Stenholm (D-TX).  Charlie was…


The debt limit crisis is behind us for now, but the budget deficit is decidedly heading in the wrong direction. Last week, the Congressional Budget Office (CBO) reported in its May Monthly Budget Review that over the first eight months…


For just the second time in history, a divided federal government narrowly escaped certain (yet self-inflicted) financial and economic calamity when a Democratic President of the United States and a Republican Speaker of the House joined together to ink a…

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