News Coverage

In presenting his case to Congress for an ambitious policy agenda, President Biden said, “It is not enough to restore where we were prior to the pandemic.” That thinking makes sense, but it should also be applied to the ballooning…

The last time the U.S. federal deficit was this high, as a percentage of the total size of the economy, was 1946. The debt-to-GDP ratio was 119%. There’s news that amid the pandemic the amount of government borrowing this year is…

Some Republicans fear a tea party-like backlash against the trillions of dollars in spending Congress approved, said Robert L. Bixby, executive director of the Concord Coalition, a deficit watchdog group. “I just think that they are very much afraid that…

In short, the needs are sweeping and urgent, and a deal needs to be struck. The Democrats in their House bill started at $3 trillion in aid. When they finally sat down, Senate Republicans began at about $1 trillion. Surely…

“Doing anything about the deficit and debt is always a heavy lift, and it gets even heavier when it is perceived as a partisan agenda,” said Robert Bixby, executive director of the Concord Coalition, an advocacy group that supports…

Most of the debt incurred so far to deal with the coronavirus has been purchased by the Federal Reserve, not foreign or domestic savers, said Joshua Gordon, senior policy adviser at the Concord Coalition, a group that advocates for fiscal…

Smith, with the Concord Coalition, and others who lament Congress didn’t take advantage of the pre-pandemic years of growth to eliminate deficit spending and lower the national debt said not doing so after the pandemic has passed threatens to increase inflation and crowd out private borrowing.