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Although true fiscal reform will require changes throughout the federal budget, many elected officials continue to focus on only one slice of it: domestic spending programs for which Congress approves annual funding.But cuts in this domestic “discretionary” spending can’t do…

State governments face severe fiscal problems that threaten their ability to meet their obligations to citizens, public employees and creditors, according to a report released last week by the State Budget Crisis Task Force. “The conclusion of the Task Force…

As Europe’s debt crisis worsens, American officials and analysts have expressed growing concern about the potential damage it could inflict on the United States. Many also wonder what lessons this country can draw from Europe’s difficulties.The Committee for Economic Development…

WASHINGTON -- Senate Budget Committee Chairman Kent Conrad, a European Union fiscal policy official and four respected American economists will discuss the eurozone crisis and its implications for the United States at a forum this Thursday, July 26. The program,…

The International Monetary Fund (IMF) has urged Washington to both provide short-term support for the U.S. economic recovery and start to “decisively tackle” its larger fiscal challenges over the next few years. The Concord Coalition has offered similar advice to…

The Congressional Budget Office (CBO) has warned that the Pentagon’s base budgetary plans would exceed the spending caps in last year’s Budget Control Act by $14 billion in Fiscal Year 2013 and by $508 billion through 2021, even before taking…

Although intense partisanship has repeatedly sidetracked Congress this year, some lawmakers have risen above it in trying to address the country’s fiscal and economic challenges. (more…)

WASHINGTON -- The Concord Coalition is honoring 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 honorees are:…