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Last Friday the Office of Management and Budget (OMB) released a report detailing the effects of automatic spending cuts scheduled to begin taking effect in January. The cuts are required by the 2011 Budget Control Act (BCA) because the Joint…

The most difficult obstacles to fiscal reform efforts are more political than economic, as several speakers emphasized at a Strengthening of America -- Our Children’s Future forum last Wednesday.The country has the strength and capacity to deal with its budget…

Former Defense Secretary Robert Gates and former Chairman of the Joint Chiefs of Staff Michael Mullen said Monday that Washington’s fiscal ailments pose a serious threat to national security, but they warned that sharp automatic spending cuts scheduled to start…

WASHINGTON -- This Thursday night The Concord Coalition will honor 38 House members for their courage in voting for a bipartisan deficit reduction plan introduced by Rep. Jim Cooper (D-Tenn.) and Steven LaTourette (R-Ohio).In addition to Cooper and LaTourette, the…

Nonpartisan budget simulation game educates and engages voters in budget process (more…)

This week The Concord Coalition and several other organizations kicked off an initiative called Strengthening of America – Our Children’s Future focused on the nation's worsening fiscal situation. Former Senators Sam Nunn (D-Ga.), Pete Domenici (R-N.M.), Warren Rudman (R-N.H.) and Evan Bayh (D-Ind.)…

Treasury Department figures showed the federal debt passing the $16 trillion mark last week, triggering political charges and counter-charges while underscoring the need for elected officials in both parties to take steps to curb its growth.“What’s really important is how…

With public attention shifting from the party conventions to the fall campaign and the presidential debates that start in early October, advocates of federal budget reform are renewing their calls for more substantial political discussion of the country’s fiscal and…