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After months of debate and negotiation, Congress on Tuesday approved legislation to avoid the most immediate consequences of the “fiscal cliff” but that falls far short of the more comprehensive reforms that many advocates of fiscal responsibility had hoped to…

Once again we have a political punt. With no time left on the clock, Senate Democrats and Republicans have approved a deal to avoid the most immediate consequences of the so-called “fiscal cliff.” The defining feature of the deal, however,…

The pace of budget negotiations between President Obama and House Speaker John Boehner has picked up in recent days, with the two meeting again on Monday at the White House.With the latest exchange of offers, Obama and Boehner seem to…

In the Senate last week, the Democratic Steering Committee selected Senator Patty Murray (D-Wash.) to lead the Budget Committee during the 113th Congress. Murray will replace Senator Kent Conrad (D-N.D.), who is retiring at the end of this Congress and…

In September 1992, three concerned public figures launched The Concord Coalition in front of a national debt clock in New York City. Sen. Warren Rudman, R-N.H., former Sen. Paul Tsongas, D-Mass., and former U.S. Secretary of Commerce Peter G. Peterson…

The federal debt is a “ticking time bomb” that puts the U.S. economy at risk, jeopardizes our standard of living and threatens national security, according to a new report by Strengthening of America – Our Children’s Future.Strengthening of America is…

The White House has formally requested $60.4 billion in federal funding for recovery from the damage caused by Hurricane Sandy. Acting OMB Director Jeffrey D. Zients wrote that the funding will “include efforts to repair damage to homes and public…

Dozens of lawmakers in both parties have signed a letter to congressional leaders that says a bipartisan agreement to avoid the fiscal cliff should include “a long-term, comprehensive deficit reduction plan.”Leading the effort are Representatives Jim Cooper (D-Tenn.), Steven LaTourette…