The Latest

The Senate Budget Committee has approved a budget resolution that calls for deficits to be reduced $671 billion below the levels in the President’s budget over five years. The resolution envisions that deficits will be reduced to 3% of GDP…

President Obama’s bipartisan fiscal commission will hold its first meeting on April 27. It has two very ambitious assignments -- find a way to balance the budget excluding interest on the debt by 2015 and “meaningfully improve” the long-term fiscal…

One of the first post-recess priorities for the Appropriations Committees in Congress will likely be considering legislation for “supplemental” spending in the current fiscal year. Supplemental spending bills are usually considered each spring and are intended to provide funding for…

The Treasury Department has released preliminary spending and revenue totals for the first half of the fiscal year showing a slight improvement in the deficit compared to the same period in FY 2009. However, it is too soon to know…

WASHINGTON — With the official April 15 deadline for a finished budget resolution having passed without even a mark-up in the House or Senate, The Concord Coalition today strongly urged Congress not to abandon its responsibility to pass a budget resolution.…

Recently on The Concord Coalition Blog, The Tabulation, Chief Economist Diane Lim Rogers examined how difficult it will for President Obama to both keep his pledge to reduce the deficit to around 3 percent of GDP annually and to not…

There are several key issues to watch in this year’s budget and appropriations process. The goal is to have all of the appropriations bills signed into law by the President by Oct. 1, the start of the new fiscal year.…

As Congress returns from its two-week recess, budget issues will be at the top of the agenda. We will be hearing a lot about the President’s budget, the Congressional Budget resolution, and appropriations bills. These terms are frequently used together,…