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This week, The Concord Coalition joined forces with three other organizations in jointly sending a letter to President Biden and all Congressional leaders to make a pledge not to take any action that would incur any more federal debt.  In…


This week the Department of Education issued regulations to provide additional debt relief to college students.[1] These regulations are the latest installment in the Biden Administration’s ongoing efforts to expand the universe of students who will not have to repay…


The Bureau of Economic Analysis released its preliminary estimate of real GDP growth for the third 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.…


It’s been a busy week for budget news: The Congressional Budget Office (CBO) released a preliminary estimate of the budget deficit for FY 2022; the Social Security Administration (SSA) announced a new cost-of-living-adjustment (COLA) for beneficiaries in 2023; and the…


As of Monday, October 3 2022, the total debt of the United States government topped $31 trillion. That eye-catching number should prompt all of us to reflect on what the growing debt means for future generations (a lot) and whether…


When The Concord Coalition was founded in September 1992, it was already apparent that the federal budget was on an unsustainable path. Thirty years later, that is still the case. Despite the “peace dividend” of the 1990s, and surprisingly lower…


After a three-week delay, we finally know how much deficit reduction was achieved in H.R.5376, the Inflation Reduction Act (IRA)—the final installment of President Biden’s Build Back Better agenda. After changes imposed by the rules of reconciliation in the Senate…


Recession chatter reached a fever pitch this week when, on July 28, the Bureau of Economic Analysis (BEA) released its preliminary (advance) estimate of real gross domestic product (GDP) for the second quarter of 2022. According to the BEA, the economy shrank…


After a lengthy delay, the Congressional Budget Office (CBO) finally published its much anticipated budget baseline.


This week, the House and Senate gave final approval to a $40.1 billion emergency supplemental appropriations bill for Ukraine.


Economists looking for solid clues about the future path of inflation were stymied by Consumer Price Index (CPI) data released this week.


The U.S. economic recovery from the COVID-induced recession continues to surprise. On April 28, the Bureau of Economic Analysis (BEA) released its preliminary estimate of first quarter real GDP for 2022. Most economists predicted a slowdown from the explosive 6.9 percent…

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