Recently on The Concord Coalition Blog, The Tabulation, Chief Economist Diane Lim Rogers examined how difficult it will for President Obama to both keep his pledge to reduce the deficit to around 3 percent of GDP annually and to not…
As Congress returns from its two-week recess, budget issues will be at the top of the agenda. We will be hearing a lot about the President’s budget, the Congressional Budget resolution, and appropriations bills. These terms are frequently used together,…
Q: Why are different numbers sometimes used to describe the federal debt?A: The figure that appears most often in the news is the government's total debt (or gross debt), which is nearly $12.8 trillion. But this figure has two components:…
College Park, Md. -- House Majority Leader Steny Hoyer last week urged Republicans and his fellow Democrats to work together to put the government’s fiscal house in order before growing debt brings “an end to American leadership in the world.”…