Blogs

The Congressional Budget Office (CBO) estimates that under President Obama’s proposed budget for 2013 deficits would drop for a few years but then rise again, totaling $6.4 trillion over the coming decade. Federal debt held by domestic and foreign investors…

The House Budget Committee has begun considering a proposed budget that includes many elements of a plan that House Republicans approved last year but also some significant changes.The Concord Coalition commended Budget Committee Chairman Paul Ryan (R-Wis.), who released the…

The Congressional Budget Office (CBO) today updated the baseline projections for federal spending and revenue that it put out in January, saying that the “fundamental story” about the federal budget had not changed.CBO said its current estimate of the budget…

Serious financial management problems in some departments and agencies continue to hinder efforts by auditors to assess the government’s books. That in turn hurts the government’s ability to measure the cost and performance of certain programs and to make necessary…

An important cost-containment feature in the 2010 health care legislation has come under attack in the House, where two committees voted last week to do away with the Independent Payment Advisory Board (IPAB) without approving an alternative. (more…)

As political candidates offer vague promises of spending restraint and Congress considers the administration’s new budget, Americans face an unpleasant fiscal landmark: before we get to the election in November, the national debt will exceed the U.S. economy’s entire annual…

The federal government could save tens of billions of dollars a year by rooting out duplicative and inefficient programs, according to a new report from the Government Accountability Office (GAO).The report recommends that Congress and the administration examine 51 areas…

At a House Budget Committee hearing last week, the chief actuaries for Medicare and Social Security once again reminded lawmakers of the serious demographic and fiscal challenges lying ahead for both programs and the federal budget.Richard Foster, chief actuary of…