Blogs

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…

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.

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…

The March inflation report from the Bureau of Labor Statistics was shocking. The price of the average consumer’s market basket of goods and services rose 8.5 percent over the previous 12 months—the highest level in 40 years. Excluding the…

The week of April 4 began with hopeful optimism as a bipartisan group of Senators reached a tentative agreement to replenish emergency funds needed to restock federal supplies of COVID vaccines, therapeutics, and testing equipment. With COVID cases rising…