Blogs

The Government Accountability Office (GAO) on Monday issued the fall update of its long-term fiscal outlook, underscoring the need for a more sustainable fiscal path in Washington.As in the past, the GAO presents two different simulations: the Baseline Extended, which…

The Bipartisan Policy Center (BPC) on Monday released an update of the broad plan for fiscal reform that its Debt Reduction Task Force recommended in late 2010. The update, like the original version, takes what the task force describes as…

The late Warren B. Rudman, a fierce champion of fiscal responsibility who served two distinguished terms in the U.S. Senate and was a founding co-chairman of The Concord Coalition, was honored last week on Capitol Hill.“He was forthright, he was…

Democrats and Republicans have exchanged formal budget proposals in recent days as they continue to joust over tax increases, spending cuts and how to avoid the year-end “fiscal cliff” that could throw the country into another recession.The fiscal cliff is…

Democrats and Republicans have long appeared to have an irreconcilable difference on tax policy: Democrats want more revenue, raised entirely from households with annual incomes over $250,000, while Republicans don’t want any new revenue, particularly from higher tax rates on…

Washington officials are sending conflicting signals over talks between the White House and congressional leaders to avoid the fiscal cliff while also moving the country forward on long-term deficit-reduction.President Obama talked by phone with House Speaker John Boehner and Senate…

The country needs a very different type of tax reform today than it did when Congress passed the Tax Reform Act of 1986, according to former Treasury secretary Lawrence Summers. (more…)

Prospects for constructive budget talks between President Obama and congressional leaders seem to have brightened after an initial meeting at the White House late last week. The signals that came out of that meeting were “very good,” according to Concord…