The Latest

The annual federal budget process kicked off this week when the nonpartisan Congressional Budget Office (CBO) published its preliminary baseline for FY 2023 and the ensuing 10 fiscal years (FY 2024-2033). Followers of The Concord Coalition know the federal budget…

WASHINGTON, DC - Today, the nonpartisan Congressional Budget Office (CBO) released its latest projections for the federal budget and the U.S. economy, providing yet another reminder of the unsustainable trajectory of the federal budget. According to The Concord Coalition, CBO’s…

This week the United States bumped up against its $31.4 trillion statutory debt limit. Some on Capitol Hill believe that the need to raise the debt limit provides strong leverage to extract deep spending cuts and halt the unsustainable growth…

The Bureau of Economic Analysis released its preliminary estimate of real GDP growth for the fourth quarter of 2022 this week. The Concord Coalition is presenting the story in a series of charts—because a picture is worth a thousand words.

While Congress dithers over fiscal policy and an end-of-year omnibus spending bill, this was a benchmark week for federal monetary policy. On Tuesday, December 13, the Bureau of Labor Statistics released November inflation data (which was lower than many economists…

On December 3, 2022, proponents of fiscal responsibility lost a pioneering champion: former Congressman Jim Kolbe (R-AZ). When candidates run for federal office, their platform often includes some version of “Elect me–send a leader to Washington!” and for most this…

The midterm elections left Republicans in control of the House (barely) and Democrats in control of the Senate (barely). Pundits are already predicting gridlock (they’re probably right), but Congress has two essential tasks before them that must not be held…

This week, The Concord Coalition joined forces with three other organizations in jointly sending a letter to President Biden and all Congressional leaders to make a pledge not to take any action that would incur any more federal debt.  In…