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Most of the debt incurred so far to deal with the coronavirus has been purchased by the Federal Reserve, not foreign or domestic savers, said Joshua Gordon, senior policy adviser at the Concord Coalition, a group that advocates for fiscal…

Moving rapidly to pass the next installment of COVID-19 pandemic relief, on May 15 the U.S. House of Representatives passed H.R.6800, the Health and Economic Recovery Omnibus Emergency Solutions Act, or the HEROES Act. Although the Congressional Budget Office has…

Every month, the nonpartisan Congressional Budget Office looks back at revenue and expenditures for the prior month, analyzes the trends, and provides lawmakers with a snapshot of the budget’s performance to-date for the current fiscal year, relative to expectations. The…

Smith, with the Concord Coalition, and others who lament Congress didn’t take advantage of the pre-pandemic years of growth to eliminate deficit spending and lower the national debt said not doing so after the pandemic has passed threatens to increase inflation and crowd out private borrowing.

Federal Reserve Board chairs do not often comment on U.S. fiscal policy, so it was unusual last week when the current chair, Jerome Powell, said in a press conference, “This is the time to use the great fiscal power of…

Last year, The Concord Coalition began a new project exploring the building blocks of a fiscally responsible economic growth agenda. The project focused on health care reform, workforce growth, productivity investments, worker training and sustainable solvency for Social Security. In…

The non-partisan Congressional Budget Office just released revised economic, deficit, and debt forecasts for fiscal years 2020 and 2021. These projections reflect dramatic changes in the U.S. economy resulting from the outbreak of the novel coronavirus and subsequent fiscal policy…

WASHINGTON -- While the nation’s attention is justifiably focused on containing the spread of COVID-19 and alleviating the resulting economic damage, The Concord Coalition said today that this year’s reports from the trustees of Social Security and Medicare demonstrate…