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With the aging of the population expected to strain government resources in the coming decades, it is crucial for Americans to save substantial amounts of money for retirement. Unfortunately, many fail to do so.Only about six in 10 workers report…

Alice Rivlin of the Brookings Institution focused on the importance of Medicare reform in testimony to both the Senate and House budget committees last week, suggesting that the program should shift to a "premium support" model beginning in 2018.Under such…

WASHINGTON – With a new Congressional Budget Office (CBO) analysis of the President’s proposed budget showing unsustainable deficits mounting over the coming decade, The Concord Coalition today called on President Obama and the House of Representatives to embrace a call…

The Congressional Budget Office (CBO) has released a useful report presenting more than 100 spending and revenue options for deficit reduction.Of the 38 options discussed for discretionary spending, about a third involve defense. With mandatory programs, the CBO said, policymakers…

The same deficit fundamentals that have stymied Democratic lawmakers and President Obama now confront House Republicans. Their new chairman of the Budget Committee, Paul Ryan, faces a difficult job in producing a budget resolution that dramatically improves the deficit picture…

Congressional Budget Office Director Douglas Elmendorf laid out four simple observations about the federal budget in a recent presentation to the National Association for Business Economics.First, on the government’s current path the gap between spending and revenues would persist even…

Congress averted a government shutdown last week by passing a new continuing resolution (CR) that funds agencies through March 18. President Obama signed the resolution into law on Wednesday.Concerns about a shutdown had increased when the House originally passed a…

The Government Accountability Office (GAO) warns in a new report that delay in raising the debt limit could negatively impact markets and borrowing costs.The debt limit does not constrain the ability of the government to run deficits, but its ability…