Blogs

This week the Government Accountability Office (GAO) issued a report on the need to modify the statutory debt limit to reduce the risk of a government default and avoid the adverse consequences such a default would have on financial markets…

Next week, the House of Representatives is expected to vote on a bill to increase Social Security benefits for the small percentage of workers who receive pensions from jobs not covered by Social Security. This legislation, which is projected to…

Last week the Treasury Department released year-end spending and revenue numbers for Fiscal Year 2024, showing a budget deficit of $1.8 trillion. On the surface, that’s an increase of $138 billion over the 2023 deficit, but the 2023 deficit was…

Last week, the Congressional Budget Office (CBO), released a report on the distribution of household wealth. Unlike previous reports, this report includes Social Security, which substantially changes both the distribution and the amount of wealth. According to CBO, total household…

Last week, the Congressional Budget Office (CBO) released its latest long-term projections for the Social Security program. Although these projections are roughly comparable to the Social Security and Medicare Trustees (Trustees) projections released earlier this year, there are important differences.…

President Biden’s decision to end his 2024 presidential campaign naturally dominated the news over the past several days. There was, however, some news on the fiscal front worth noting. The President’s Office of Management and Budget (OMB) released its Mid-Session…

A majority of young Americans do not believe the country is headed in the right direction, and more than a quarter identify economic factors  like inflation as their primary concern about our future. [1] Millennials (born 1981 to 1996) are…

In an op-ed published in The Washington Post on June 24, Concord Coalition Co-Chair Bob Kerrey says: "The 90 minutes allotted to Thursday’s debate between President Biden and former president Donald Trump obviously won’t accommodate every deserving subject. But no matter…