Blogs

Congressional procrastination could lead to chaotic decision-making on the federal budget after the November elections, but many economists believe this procrastination is already harming the economy. The damage stems from widespread uncertainty over what elected officials will do, if anything,…

Beginning in January, approximately $109 billion in across-the-board spending cuts are scheduled to automatically take effect. Known in budget policy circles as a “sequester,” these cuts are unusual in that the executive branch directs how the spending cuts occur, as…

Rep. Steven LaTourette, an Ohio Republican who has helped lead congressional efforts to build on the work of the bipartisan Simpson-Bowles fiscal commission, last week announced he would not seek re-election.While he plans to continue pushing for fiscal reform for…

House Republicans last week approved a one-year extension of the Bush-era tax cuts after rejecting a Democratic proposal to limit the extension to family incomes below $250,000 a year.The Republican plan was approved on a 256-171 vote, mostly along party…

Updated 8/17 with "History of Debt" infographic belowThe Concord Coalition is proud to be partnering with a new effort called "Face the Facts USA." This nonpartisan initiative is a project of the George Washington University School of Media and Public…

Rep. Steven LaTourette’s announcement this week that he will not seek re-election underscores the difficulties that face elected officials who try to take a constructive, bipartisan approach to dealing with the nation’s most important challenges – notably the need for…

The administration has updated its economic and budget projections, indicating that this fiscal year’s deficit will be $1.2 trillion, down $116 billion from the administration’s estimate last February. But this drop is based partly on the assumption that some proposed…

As European leaders sought last week to reassure global markets, a forum in Washington outlined the fiscal, financial and economic difficulties that Europe continues to face – and the risks those problems present for the United States. A central theme…