News Archives - Page 22 of 202

Blogs

$31 Trillion and Still Counting…

Oct 7, 2022

As of Monday, October 3 2022, the total debt of the United States government topped $31 trillion. That eye-catching number should prompt all of us to reflect on what the growing debt means for future generations (a lot) and whether…

Blogs

30 Years of The Concord Coalition

Sep 14, 2022

When The Concord Coalition was founded in September 1992, it was already apparent that the federal budget was on an unsustainable path. Thirty years later, that is still the case. Despite the “peace dividend” of the 1990s, and surprisingly lower…

Blogs

The Fragility of Deficit Reduction in the ‘Inflation Reduction Act’

Sep 9, 2022

After a three-week delay, we finally know how much deficit reduction was achieved in H.R.5376, the Inflation Reduction Act (IRA)—the final installment of President Biden’s Build Back Better agenda. After changes imposed by the rules of reconciliation in the Senate…

Press Releases

Concord Coalition Welcomes Deficit Reduction Goal of Democratic Climate, Tax and Health Care Bill, But Warns that Back Loaded Savings May Never Take Effect

Aug 7, 2022

WASHINGTON, DC – The Concord Coalition today welcomed the deficit reduction goals of the Democratic Climate, Tax and Health Care bill, but cautioned that the heavily back-loaded nature of the savings poses a significant risk that some of those savings will…

Blogs

Is the U.S. ‘Really’ in a Recession?

Jul 29, 2022

Recession chatter reached a fever pitch this week when, on July 28, the Bureau of Economic Analysis (BEA) released its preliminary (advance) estimate of real gross domestic product (GDP) for the second quarter of 2022. According to the BEA, the economy shrank…

Press Releases

U.S. Fiscal Outlook Urgently Needs a Course Correction

Jul 27, 2022

WASHINGTON, DC – Today, the nonpartisan Congressional Budget Office (CBO) released its 2022 Long-Term Budget Outlook, projecting yet again a grim fiscal outlook for future generations. Absent any remedial action by Congress, by 2052 our debt to GDP ratio will be 185 percent…

News Coverage

Commentary: Federal Deficit is the Problem Lawmakers Ignore, Burdening Future Generations

Jul 5, 2022

With the recent onslaught of crisis-driven news—everything from 40-year high inflation, war in Ukraine, Supreme Court rulings, and mass killings—it is easy to forget some festering problems that lawmakers have ignored for years. These problems have not gone away…

Press Releases

Creeping Toward the Fiscal Cliff

Jun 3, 2022

WASHINGTON -- The Concord Coalition said today that this year’s reports from the Social Security and Medicare trustees sound a blaring alarm that legislative actions must be taken soon to avoid sudden substantial benefit cuts by 2035 for Social Security…

Blogs

CBO Budget and Economic Baseline: The Sleeping Giant Awakens

Jun 3, 2022

After a lengthy delay, the Congressional Budget Office (CBO) finally published its much anticipated budget baseline.

Press Releases

Fading COVID Effects Do Not Put the Budget on a Sustainable Path

May 25, 2022

Washington - The Concord Coalition said today that the new Budget and Economic Outlook for Fiscal Years 2022-2032 released by the Congressional Budget Office (CBO) is evidence that the days of easy deficit reduction from fading COVID relief funding are over.

Blogs

Pondering the U.S. Role in Support of Ukraine

May 19, 2022

This week, the House and Senate gave final approval to a $40.1 billion emergency supplemental appropriations bill for Ukraine.

Blogs

April Inflation: Still Too High

May 11, 2022

Economists looking for solid clues about the future path of inflation were stymied by Consumer Price Index (CPI) data released this week.

The Latest

$31 Trillion and Still Counting…

30 Years of The Concord Coalition

The Fragility of Deficit Reduction in the ‘Inflation Reduction Act’

Concord Coalition Welcomes Deficit Reduction Goal of Democratic Climate, Tax and Health Care Bill, But Warns that Back Loaded Savings May Never Take Effect

Is the U.S. ‘Really’ in a Recession?

U.S. Fiscal Outlook Urgently Needs a Course Correction

Commentary: Federal Deficit is the Problem Lawmakers Ignore, Burdening Future Generations

Creeping Toward the Fiscal Cliff

CBO Budget and Economic Baseline: The Sleeping Giant Awakens

Fading COVID Effects Do Not Put the Budget on a Sustainable Path

Pondering the U.S. Role in Support of Ukraine

April Inflation: Still Too High

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