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Reviewing the dismal state of federal finances last week, two current members of Congress and two former lawmakers emphasized both the urgency of reform and some of the obstacles that must be overcome.They offered their thoughts during a panel discussion…

The Concord Coalition last week honored 38 “economic patriots” in the U.S. House for their votes in favor of a broad, bipartisan deficit-reduction plan earlier this year. (more…)

Fulfilling pessimistic expectations, Congress has decided to leave many of this year’s big fiscal decisions to be made in a few short weeks after the November elections.Both the House and Senate have adjourned until after the elections. At that point…

WASHINGTON -- The Concord Coalition last night honored 38 “economic patriots” in the U.S. House for their courage in voting for a comprehensive, bipartisan deficit reduction plan earlier this year. Former U.S. Senator Sam Nunn, a Concord co-chairman, praised…

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…