Blogs

Like the legislative equivalent of Groundhog Day, Washington lawmakers are once again in a last-minute rush to pass an end-of year omnibus spending bill that funds the federal government for a fiscal year already underway (FY 2023) - plus a…

While Congress dithers over fiscal policy and an end-of-year omnibus spending bill, this was a benchmark week for federal monetary policy. On Tuesday, December 13, the Bureau of Labor Statistics released November inflation data (which was lower than many economists…

This week, The Concord Coalition joined forces with three other organizations in jointly sending a letter to President Biden and all Congressional leaders to make a pledge not to take any action that would incur any more federal debt.  In…

This week the Department of Education issued regulations to provide additional debt relief to college students.[1] These regulations are the latest installment in the Biden Administration’s ongoing efforts to expand the universe of students who will not have to repay…

It’s been a busy week for budget news: The Congressional Budget Office (CBO) released a preliminary estimate of the budget deficit for FY 2022; the Social Security Administration (SSA) announced a new cost-of-living-adjustment (COLA) for beneficiaries in 2023; and the…

As of Monday, October 3 2022, the total debt of the United States government topped $31 trillion. That eye-catching number should prompt all of us to reflect on what the growing debt means for future generations (a lot) and whether…

After a three-week delay, we finally know how much deficit reduction was achieved in H.R.5376, the Inflation Reduction Act (IRA)—the final installment of President Biden’s Build Back Better agenda. After changes imposed by the rules of reconciliation in the Senate…

Recession chatter reached a fever pitch this week when, on July 28, the Bureau of Economic Analysis (BEA) released its preliminary (advance) estimate of real gross domestic product (GDP) for the second quarter of 2022. According to the BEA, the economy shrank…