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The Congressional Budget Office (CBO) now estimates that gradually increasing the eligibility age for Medicare to 67 would reduce deficits by $19 billion through 2023, significantly less than the $113 billion CBO estimated in January 2012.The new estimate is based…


Although the latest manufactured fiscal crisis is over for now, brinkmanship over funding the government and the debt ceiling has caused substantial harm to the economy.According to a new report by the President’s Council of Economic Advisers (CEA), the government…


With the budget conference committee starting to meet this week, some political leaders seem to be thinking that the ideal “grand bargain” on the budget would be: Do nothing.Concord Coalition Executive Director Robert L. Bixby warns that this could become…


Who says that Democrats and Republicans can't reach a grand bargain? Harry Reid and Paul Ryan seem to have it figured out. If Democrats and Republicans don’t demand compromises from each other, everyone can get along. It’s the perfect political grand…


Fitch Ratings placed the United State’s AAA credit rating on “Rating Watch Negative” last week, due to the increased risk of a default on the government’s financial obligations from the debt ceiling standoff.Fitch said in its statement that repeated brinkmanship…


As Washington wrestled with its immediate budget problems last week, an Iowa gathering of national, state and local experts considered the opportunities and challenges ahead with one of the key drivers of federal spending: health care.Concord Coalition Executive Director Robert…


With last week’s passage of a short-term Continuing Resolution funding the government and a debt limit increase, elected officials gave themselves a tight set of deadlines to finally put together a budget plan that might consider more structural, long-range fiscal…


The federal debt limit is actually a case of mistaken identity, according to Concord Coalition Executive Director Robert L. Bixby.“While you would think that a ‘debt limit’ would exert control over the nation’s fiscal policies, it does not,” he says…


Spurred by a Thursday deadline to avoid risking a federal default, Senate leaders said yesterday that they were finally making progress towards a bipartisan agreement to raise the federal debt limit and end the government shutdown.Reports this morning, however, said…


Worried and frustrated by Washington’s latest fiscal fights, a panel of experts on the federal budget last week faulted elected officials in both parties for irresponsibility, inflexibility and, in some cases, lack of common sense.The situation led former senator Sam…


President Obama announced last week that he would nominate Federal Reserve Vice Chair Janet Yellen to succeed Ben Bernanke as Fed chairman.If confirmed by the Senate, Dr. Yellen is widely expected to continue the policies supported by Bernanke; she is…


The Concord Coalition honored five individuals last week with the 2013 Paul E. Tsongas Economic Patriot Award: Former Federal Reserve Vice Chair Dr. Alice Rivlin; former senators Sam Nunn, Pete Domenici and Bill Brock, and the late Rev. Bill Gray,…

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