The Latest

The Bureau of Labor Statistics released jobs data for March 2023 this week. The Concord Coalition is presenting the story in a series of charts—because a picture is worth a thousand words.

This year’s reports from the Social Security and Medicare trustees demonstrate an urgent need for action to avoid severe cuts that would threaten retirement income and access to medical care for beneficiaries. Unfortunately, the political will to remedy this situation…

WASHINGTON, DC — The Concord Coalition said today that this year’s reports from the Social Security and Medicare trustees demonstrate an urgent need for action to avoid severe benefit cuts by 2034 for Social Security’s combined retirement and disability programs,…

The president’s heavy reliance on tax increases to reduce future deficits, even while increasing spending, obviously makes his budget “dead on arrival” with House Republicans. On the other hand, a deficit reduction plan based solely on spending cuts, as Republicans…

President Biden unveiled his budget on Thursday, a $6.9 trillion proposal that would include spending on his long-standing pledges like universal preschool, paid leave and more childcare funding. Over the longer term, the White House says Biden's plan would reduce the deficit,…

The Concord Coalition said today that President Biden’s goal of reducing future federal budget deficits by $2.8 trillion over 10 years is a step in the right direction, but falls far short of what is needed to prevent the nation’s debt from continuing its alarming rate of increase. Moreover, the budget is based on a set of optimistic economic assumptions and unlikely policy outcomes that if not achieved would result in far less deficit reduction than projected by the administration.

Some Congressional leaders say that all we have to do to get control of our raging national debt is to cut out waste, fraud and abuse. Scour the voluminous federal budget and you will not find line items with those…

Treasury may be able to keep sending out retirees' benefit checks if borrowing cap isn't raised in time. It won't be easy It’s a time-worn argument for raising the debt limit: Without increased borrowing authority, Social Security checks would stop…