Blogs

On March 9, President Biden transmitted to Congress his proposed budget for FY 2024. Although a Republican-controlled House means the Biden budget has little chance of enactment without significant modification, it represents an important starting point for negotiations and is…

The annual federal budget process kicked off this week when the nonpartisan Congressional Budget Office (CBO) published its preliminary baseline for FY 2023 and the ensuing 10 fiscal years (FY 2024-2033). Followers of The Concord Coalition know the federal budget…

This week the United States bumped up against its $31.4 trillion statutory debt limit. Some on Capitol Hill believe that the need to raise the debt limit provides strong leverage to extract deep spending cuts and halt the unsustainable growth…

The Bureau of Economic Analysis released its preliminary estimate of real GDP growth for the fourth quarter of 2022 this week. The Concord Coalition is presenting the story in a series of charts—because a picture is worth a thousand words.

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…

On December 3, 2022, proponents of fiscal responsibility lost a pioneering champion: former Congressman Jim Kolbe (R-AZ). When candidates run for federal office, their platform often includes some version of “Elect me–send a leader to Washington!” and for most this…

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…

The Bureau of Economic Analysis released its preliminary estimate of real GDP growth for the third quarter of 2022 this week. The Concord Coalition is presenting the story in a series of charts—because a picture is worth a thousand words.…