On May 22nd, the House of Representatives passed a budget reconciliation bill, known as the One Big Beautiful Bill Act (OBBBA). While much of the public focus has centered on tax cuts and reductions to entitlement programs like Medicaid and…
Budget Gimmicks Mask True Cost and Erode Faith in Institutions Now that the House has passed its reconciliation bill - the One Big Beautiful Bill Act (OBBBA) - that increases the Federal debt by around $3 trillion over ten years,…
In a decision that could signal trouble ahead for the Trump Administration's efforts to exert more authority over Congressional spending priorities, the Government Accountability Office (GAO) concluded last week that the Department of Transportation (DOT) violated the Impoundment and Control…
Moody’s Downgrades United States Credit On Friday, Moody's, one of the three major credit rating agencies, downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest payments "that are significantly…
The Bumpy Road to Reconciliation This week, a number of House Committees completed their reconciliation “markups” - a series of proposed legislative changes that included permanently extending many of the 2017 Tax Cuts and Jobs Act (TCJA) tax cuts, adding…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget (CRFB), guided us through the budget…
Today three committees - Energy & Commerce, Agriculture, and Ways and Means - will debate and finalize proposals that will have a significant impact on the fiscal future of the country. For those keeping score at home, the House plan…
Nearly 30 years ago, in my very first week on the job at The Concord Coalition, I stood in front of the National Debt Clock as it ticked past $4.8 trillion. That moment — captured on the front page of…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, Concord Coalition Executive Director Carolyn Bourdeaux discussed her initial reaction to President Trump’s “skinny budget” and outlined some trouble…
Even though Tax Day, April 15, has come and gone, Congress remains focused on tax policy – including extending portions of the 2017 Tax Cuts and Jobs Act (TCJA) that are scheduled to expire at the end of 2025. According…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future Ben Harris, Vice President and Director of Economic Studies at the Brookings Institution, joined host Bob Bixby to discuss his…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future we talked with Alex Durante, senior economist at the Tax Foundation and co-author of a running update called “Trump…
