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Fiscal experts who spoke at The Concord Coalition’s Economic Patriots Dinner last week warned that rising federal debt could produce serious financial crises earlier than many people think. “We are on the cusp of real danger and real risk,” said…

When a panel of fiscal experts took the stage at The Concord Coalition’s annual Economic Patriots Dinner last week, nobody was expecting a lot of happy talk about the federal debt. But the immediate sense of urgency may have caught…

Congress still has not passed a budget resolution or any of the 12 appropriations bills for the current fiscal year, and its Continuing Resolution expires Dec. 3. Another item of unfinished business: Deciding whether to extend the Bush tax cuts…

The Senate has finally approved President Obama's nomination of Jack Lew to head the Office of Management and Budget. Sen. Mary Landrieu had held up the nomination since September because she objected to administration policies on oil and gas drilling.Having…

A bipartisan panel offered a plan last week to curb federal deficits through a mix of spending caps, tax reform, changes in Social Security and Medicare. For a short-term economic boost, the Bipartisan Policy Center’s Debt Reduction Task Force, chaired…

WASHINGTON -- The Concord Coalition today gave high marks to a budget plan released by the Bipartisan Policy Center’s Debt Reduction Task Force and encouraged elected officials and the American public to carefully consider its proposals. (more…)

After visiting cities across the country this fall, The Concord Coalition’s Fiscal Solutions Tour wrapped up for the year on President Obama’s home turf in Chicago last week. The tour's policy experts outlined the country’s deteriorating fiscal situation, underscoring the…

Congress has established the maximum amount of debt the government can issue. Unless it is raised, this statutory debt limit of $14.294 trillion will soon be exceeded. At the end of October, debt subject to this limit was just $677…