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New projections from the Congressional Budget Office show a potential path to significantly reduce federal deficits over the next decade. But it would require elected officials to either stick to current law or find ways to offset any deviation from…

WASHINGTON -- The Concord Coalition today said that updated budget projections by the Congressional Budget Office (CBO) demonstrate a potential path for bringing spending and revenues closer together over the next 10 years. But the projections also underscore the need…

The “no new taxes” pledge taken by Republicans in Congress has been a huge obstacle to achieving bipartisan agreement on a comprehensive deficit reduction plan. Many Republicans interpret the pledge as ruling out revenue increases of any kind, even those…

The Concord Coalition is calling upon the 12 members of the Congressional Super Committee to include a critical 13th member in their deliberations -- you. As we discussed in yesterday's post, The American People Want In, the Committee’s decisions will affect…

Deficit reduction talks this year have largely taken place behind closed doors, without engaging the public in any meaningful way. But Robert L. Bixby, executive director of The Concord Coalition, argues that the dozen lawmakers who have been appointed to…

Congressional leaders last week appointed the joint committee charged with finding most of the savings promised in the recent deal to raise the debt limit.Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Tex.) will chair the new panel, widely referred…

Projections by the Congressional Budget Office make it clear that future choices about tax policy -- and particularly about expiring tax cuts -- will be a critical factor in the country’s fiscal outlook for many years to come.Republicans counted it…

The new debt limit law includes a trigger that would impose severe spending cuts if legislation to reduce the deficit by more than $1.2 trillion has not been enacted by Jan. 15, 2012. It was designed to give an incentive…