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As Washington wrapped up this year’s spending plans last week, The Concord Coalition’s Fiscal Solutions Tour encouraged Iowa residents to focus on larger challenges facing the country: an aging population, rising health costs, and structural problems in the federal budget.Tour…


Apr 19, 2011
"Where is all of the money going?" While filling out tax returns and writing checks to the federal government, people often ask this question. Finding answers became easier last week when the White House released an online federal tax receipt.By…


The 2011 budget process finally came to a close last week when President Obama signed legislation funding the government for the remainder of the fiscal year. According to the Congressional Budget Office, the $1.05 trillion in non-emergency spending in the…


President Obama has jumped into the debate over long-term fiscal responsibility with a plan that differs sharply from the one unveiled earlier this month by Rep. Paul Ryan (R-WI), chairman of the House Budget Committee. In a welcome move, Obama…


Here is a trivia question: Under which scenario would Social Security, Medicare and Medicaid make up the larger share of non-interest (i.e. “primary”) federal government spending?A. President Obama’s budgetB. Rep. Paul Ryan’s budget (House Budget Committee)The answer is B.Under Ryan’s…


With a partisan vote of 22-16, the House Budget Committee last week approved Rep. Paul Ryan's proposed 2012 budget resolution and sent it to the House floor. According to the committee, the resolution would reduce deficits for the next 10…


With a potential government shutdown hours away on Friday, President Obama, Speaker of the House John Boehner and Senate Majority Leader Harry Reid reached a last-minute agreement to continue funding government agencies for the remainder of the fiscal year.Under the…


President Obama on Wednesday will propose a broad plan to reduce significantly deficits in the coming years, according to the White House.This is a promising indication that the President will become more focused on the most serious long-term fiscal challenges…


The Treasury Department now estimates that the federal government will reach its legal debt limit no later than May 16, although it could use “extraordinary measures” to avoid default through July 8.Some members of Congress have suggested that refusing to…


With the continuing resolution (CR) that currently funds government agencies set to expire on Friday, policymakers will need to reach agreement this week on a new resolution to avoid a government shutdown.Yesterday Republicans on the House Appropriations Committee proposed yet…


As the political squabbling has continued over proposed cuts in a small part of the federal budget, dozens of fiscal, economic experts and business leaders renewed calls for President Obama and Congress to begin serious talks aimed at developing a…


House Budget Committee Chairman Paul Ryan today released a budget plan that promises to cut projected deficits by more than $1.6 trillion over the coming decade. While this is a serious and commendable effort, the plan’s policy mix is unlikely…

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