This week, our Concord team experienced Washington at its most inspiring — and its most exasperating. It began Wednesday afternoon with a meeting in the office of Rep. Eli Crane (R-AZ), where we introduced Concord’s interactive federal budget exercise —…
In response to the House narrowly passing the budget resolution today, Carolyn Bourdeaux, Executive Director of Concord Action released the following statement: “On its face, the budget resolution approved by the House today, this so-called ‘big, beautiful bill,’ still paves…
In response to the House moving forward to adopt the Senate Budget Resolution that will add nearly $6 trillion to America’s unsustainable national debt, Carolyn Bourdeaux, Executive Director of Concord Action, issued the following statement: “Congress must hit pause…
This week the Senate Budget Committee released a plan that would add nearly $6 trillion to the national debt and simply ignore the roughly $4 trillion cost of extending several expiring tax cuts because they are “current policy,” while tacking…
In response to the Senate Budget Committee’s recently released draft amendment to the House’s Fiscal Year (FY) 2025 budget resolution, Carolyn Bourdeaux, Executive Director of Concord Action, released the following statement: “The Senate Budget Committee’s draft amendment appears to be…
In response to the Congressional Budget Office (CBO) Long-Term Budget Outlook released March 27, 2025, Carolyn Bourdeaux, former Congresswoman and Executive Director of The Concord Coalition and Concord Action issued the following statement: “Our budget process is in complete disarray.…
Key Points Since the $36.1 trillion debt ceiling kicked back in on January 2nd of this year, the Treasury Department has been using accounting transactions known as “extraordinary measures” to temporarily continue borrowing without exceeding the limit. The date these…
Key Points: Analysis from the CBO shows extending key provisions of the TCJA without offsets would increase the national debt from 99% of GDP to as high as 250% in 30 years, depending on interest rates. The Penn Wharton Budget…
Key Points New report from The Budget Lab at Yale explores how higher deficits impact inflation and interest rates. The permanent deficit increase that the report uses as its hypothetical is roughly the same size as the increase that would…
Key Points Social Security trust funds are projected to become insolvent in 2035. Unless Congress acts, this will trigger benefit cuts of roughly 17 percent. President Trump and Elon Musk have repeatedly claimed that improper benefit payments to dead people…
After the House passed a continuing resolution to fund the government through September 30, Carolyn Bourdeaux, Executive Director of The Concord Coalition and Concord Action, released the following statement: “The House just passed a continuing resolution that papers over the…
