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Washington -- The Concord Coalition said today that new long-term projections from the Congressional Budget Office (CBO) highlight the need for broad fiscal reforms -- and show how disconnected today’s political debates are from the key issues involved in putting the…


Federal budgeting isn’t for the faint of heart. The tax code alone consists of tens of thousands of pages. Then there's the defense budget, the other eleven annual appropriations bills, Medicare, Medicaid, the need to modernize Social Security . .…


House Republican leaders are suggesting the use of “fast-track” legislative procedures to revamp and simplify the federal tax code next year. In remarks last week, however, House Ways and Means Committee Chairman Dave Camp tied the proposed overhaul to an…


Defense Secretary Leon Panetta said this week that the nation does not have to “choose between national security and our fiscal security,” but he urged Congress to avoid what he called “disastrous” cuts scheduled to start in January in both…


The Congressional Budget Office (CBO) has released an excellent analysis of the “fiscal cliff” facing the country in the form of large policy changes that are scheduled to take effect at the end of this year.The CBO warns that policymakers…


The Congressional Budget Office (CBO) has released an excellent analysis on the "Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013." The CBO term “fiscal restraint” has been more popularly referred to as “the fiscal…


The Medicare actuaries have released updated alternative scenarios for the program, providing data and analysis that underscore the possibility that its long-term costs could well turn out to be higher than last month’s annual report from the Medicare trustees indicated.…


Former President Bill Clinton and House Speaker John Boehner were among the prominent figures in both parties who decried Washington’s unsustainable path at a “fiscal summit” last week. The summit, convened by the Peter G. Peterson Foundation, included speeches, interviews,…


In late April, the Medicare Trustees released an annual report on the financial status of the program. In their report, the trustees are required to analyze where Medicare costs are heading based on a strict reading of current law. However, there are…


Washington faces big decisions this year on budget issues that include tax cuts, “automatic” spending cuts and an increase in the federal debt limit. But recent remarks by elected officials underscore the deep differences between many Republicans and Democrats. (more…)


In a series of partisan and largely symbolic votes, the Senate last week rejected five budget resolutions introduced by Republicans. Three of the proposals were introduced by Senators Patrick Toomey (R-Pa.), Rand Paul (R-Ky.) and Mike Lee (R-Utah) and would…


Hundreds of concerned citizens across the country have engaged in thoughtful and often spirited discussions about federal budget options this month through Principles & Priorities, The Concord Coalition’s popular deficit-reduction exercise.Working in groups of a half-dozen people or more, participants…

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