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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%…


The Bureau of Labor Statistics released jobs data for March 2023 this week. The Concord Coalition is presenting the story in a series of charts—because a picture is worth a thousand words.


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…


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…


“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…


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.


Dec 22, 2022
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…


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…

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