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Representatives Jim Cooper (D-TN), Aaron Schock (R-IL), Mike Quigley (D-IL) and Joe Walsh (R-IL) have introduced legislation (H.R. 606) creating a sunset commission to help eliminate duplicative, unnecessary or inefficient federal programs.The bipartisan commission would provide Congress with recommendations for…

Testifying before the House Budget Committee, Federal Reserve Chairman Ben Bernanke said last week that addressing the “powerful underlying trends” responsible for large projected deficits would bring both short-term and long-term benefits.He pointed to the plans put forth by the…

On Monday President Obama unveiled a proposed budget for Fiscal 2012 that failed to aggressively follow up on the recommendations of his bipartisan fiscal commission for sweeping tax and entitlement reforms.The President’s budget does make some tough choices on domestic…

WASHINGTON -- The Concord Coalition said it was disappointed today that President Obama’s proposed Fiscal Year 2012 budget failed to follow up more aggressively on some of the key recommendations from his own fiscal commission. (more…)

In hearings last week, the Senate Budget Committee considered ways to put the country on a fiscally sustainable path without harming the economic recovery.Fortunately, tax reform was a key part of the discussion. Committee Chairman Kent Conrad (D-ND) stressed that…

Using authority provided by a new House rule, House Budget Committee Chairman Paul Ryan (R-WI) announced last week that this fiscal year's allocation to the House Appropriations Committee would be $1.055 trillion, a cut of $35 billion below the FY…

A flurry of commentary greeted the unsurprising news last week that Social Security is paying out more than it is taking in. According to the Congressional Budget Office (CBO), the Social Security cash deficit for 2010 was $37 billion and…

WASHINGTON -- Citizen groups originally convened by The Concord Coalition today called on Congress and President Obama to produce “a bold, comprehensive plan to avoid an explosion of federal debt that could devastate the economy (more…)