Blogs

As Wall Street economists and federal budget analysts began pouring over the April tax returns last week, looking for clues to when the government might run out of borrowing authority, there was a significant development on the political front. House…

This week, the Bureau of Labor Statistics released inflation data for March 2023 and in general the news was good: inflation is slowing. March inflation, as measured by the Consumer Price Index (CPI), rose 0.1% compared to February, and 5%…

This year’s reports from the Social Security and Medicare trustees demonstrate an urgent need for action to avoid severe cuts that would threaten retirement income and access to medical care for beneficiaries. Unfortunately, the political will to remedy this situation…

A key deadline in the annual Congressional budget process is fast approaching: the April 15th deadline for Congress to adopt its annual budget resolution. Unfortunately, neither the Republican-controlled House nor the Democrat-controlled Senate seem interested in completing this most basic…

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…

“Let's stand up for seniors,” President Biden said in his State of the Union address. “Stand up and show them we will not cut Social Security. We will not cut Medicare.” On cue, the assembled members of Congress did just…

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.

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…