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House and Senate plans for appropriations bills for 2014 are currently about $91 billion apart, setting the stage for a possible government shutdown in October.Appropriations subcommittees in the House and Senate have released “302(b) suballocations” that break down levels for…


Chad Laurie is an intern at The Concord Coalition. (more…)


As demographic challenges and health care costs continue to cloud the federal budget outlook, a panel of experts called for substantive fiscal reform at a forum in West Palm Beach, Fla. last week.It was the latest in a series of…


A new Congressional Budget Office (CBO) report warns of grave difficulties if Washington can’t agree on a new federal debt limit by October or November.As in the past, the Treasury is buying more time on the debt limit with what…


Looking into the details of the recent Social Security Trustees report shows that waiting to reform the program onto a sustainable path will make the job more difficult than if we take action now.An analysis by one of Social Security’s…


After a long period of abnormally low interest rates, their recent uptick has led to considerable volatility in the credit markets and has renewed concerns about an increase in borrowing costs for the federal government.The good news is that rising…


Some in Washington are ready to declare victory over the deficit problem, and on Monday Standard & Poor’s said it would revise its credit rating outlook for the government from negative to stable. But the deficit problem is actually still…


One big reason why pundits and policymakers should exercise caution about declaring “mission accomplished” based on near-term deficit projections by the Congressional Budget Office: When projecting future taxation and spending levels, the CBO is legally required to assume that current…


The blame game over a possible government shutdown has begun three and a half months before the end of the fiscal year.That much, but little else, became clear last week as President Obama and House Speaker John Boehner traded accusations…


Judging by recent media reports, there is a growing belief in Washington that the best way to deal with the deficit is to “declare victory.” It won’t work. The deficit problem is far from being solved and its lengthy shadow…


The 2013 Social Security and Medicare Trustees Report released last Friday highlighted many challenges ahead for the two programs, the most urgent of which is the impending insolvency of the Disability Insurance (DI) trust fund.In the absence of corrective legislation,…


While Medicare trustees highlighted the fiscal challenges facing the program last week, the United Health Foundation issued a report that underscores the rising demands on Medicare as increasing numbers of older adults deal with obesity, diabetes and other chronic diseases.Every…

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