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Debt Limit Worries Increase as Shutdown, Deadlock Continue

Oct 8, 2013
The federal shutdown over the 2014 budget continues amid growing concern among economists, investors, business executives, foreign leaders and others that Washington is also deadlocking over the federal debt limit -- raising the possibility that financial markets could fall sharply…
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Blogs

The Right Budget Deal Could Help Curb Government’s Rising Interest Costs

Oct 7, 2013
Lawmakers struggling with the Fiscal 2014 budget will face an even tougher challenge funding the government in future years as interest payments rise to record levels, squeezing other parts of the budget and making it more difficult to quell rising…
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Press Releases

Concord Coalition to Honor Nunn, Rivlin, Domenici, Brock and Gray as Economic Patriots This Thursday in Washington

Oct 7, 2013
WASHINGTON -- The Concord Coalition will honor five individuals on Thursday for their many years of distinguished public service with the 2013 Paul E. Tsongas Economic Patriot Award: Former Federal Reserve Vice Chair Dr. Alice Rivlin; former senators Sam Nunn,…
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Press Releases

Washington Must Quickly Resolve Impasses on Federal Budget and the Debt Limit

Oct 1, 2013
WASHINGTON -- The Concord Coalition today urged elected officials in Washington to put an end to the government shutdown by quickly resolving their differences over a budget for the coming year -- something that should have been done months ago.…
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Blogs

Coburn Throws a Flag on Tax Breaks

Oct 1, 2013
Legislation recently introduced in the Senate would strip away the tax-exempt status of professional sports leagues, including the NFL, NHL and PGA. (MLB switched its tax status to a limited liability corporation in 2007.)The bill, introduced by Sen. Tom Coburn…
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Blogs

CBO Analyzes ‘Premium Support’ Options for Medicare

Oct 1, 2013
The Congressional Budget Office (CBO) recently released a report examining the viability of two “premium support” alternatives to the fee-for-service structure in Medicare.Both alternatives would have the federal government pay subsidies to insurance companies offering plans providing the same benefit…
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Blogs

Congress Must Quickly End Shutdown, Raise Debt Limit

Oct 1, 2013
The federal government began a partial shutdown today because it lacked a budget for the new fiscal year, raising concerns about whether Washington has become so dysfunctional that it might also fail to raise the federal debt limit before the…
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Blogs

Entitlements, Health Care Put Pressure on Rest of Budget

Sep 25, 2013
Federal spending on everything other than major health care programs (Medicare, Medicaid, and the Children’s Health Insurance Program), Social Security and net interest--will decline to historically low levels as a share of GDP in the next few decades, according to…
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Blogs

After Much Procrastination, Budget and Debt Deadlines Loom

Sep 25, 2013
With a possible government shutdown less than a week away, Republicans and Democrats still seem to be on a collision course over the budget for Fiscal 2014. In addition, today Treasury Secretary Jack Lew warned congressional leaders that unless the…
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Blogs

Rising Federal Debt Puts Future Generations at Risk

Sep 25, 2013
Two recent reports draw attention to the issue of generational equity and the burdens that the growing federal debt could place on younger Americans and future generations.The Congressional Budget Office’s 2013 Long-Term Budget Outlook, released earlier this month, shows that…
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Blogs

Former Lawmakers Work With Kansans on Concord Coalition Exercise

Sep 25, 2013
With advice and encouragement from two former U.S. House members, participants in a federal budget exercise Monday in Lawrence, Kansas developed broad fiscal reform plans that would put the government on a more responsible course over the next 10 years.The…
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Blogs

Debates Continue on Critical Fiscal Decisions

Sep 18, 2013
With the end of the fiscal year less than two weeks away, Congress has turned its attention towards a stop-gap funding measure. This year’s breakdown in the regular appropriations process, together with some lawmakers’ brinksmanship over the need to raise…
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