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…
In response to a newspaper report that he was either gravely ill or dead, American author and humorist Mark Twain famously said, “Reports of my death are greatly exaggerated.” Although Mark Twain is undeniably dead, along with every other American…
In response to President Trump’s joint address to Congress on March 4, 2025, Carolyn Bourdeaux, Executive Director of The Concord Coalition and Concord Action issued the following statement: “Tonight, the President made a commitment to a balanced budget and to…
FOR IMMEDIATE RELEASE CONTACT: Nate Goodman [email protected], (804) 381-8020 New Advocacy Organization, Concord Action, Formed as Congress Considers Major Budget Legislation WASHINGTON, D.C. – The Concord Coalition, a nonprofit organization focused on addressing America’s rapidly growing national debt, named former…
Elon Musk made headlines this week when he revealed the Social Security Administration (SSA) failed to record the deaths of millions of people over the age of 100 and suggested vampires might be real and a lot of them were…
This past Thursday the House Budget Committee kicked off the (sometimes) annual budget process by marking up its version of the Fiscal Year 2025 congressional budget resolution. The House version differs substantially from the Senate Budget Resolution marked up earlier…
This week the Senate Budget Committee is expected to markup a Congressional Budget Resolution for Fiscal Years 2025 through 2034. The Chairman’s mark to be considered by the Committee includes the recommended levels of spending, revenue, deficits, and debt over…
