The Latest

It seemed to go without saying, but on Monday June 8th, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) made it official: The U.S. economy entered a recession in February 2020. It marked the end…

The Congressional Budget Office recently revised its forecast of key economic variables that drive the agency’s projections of federal spending and revenues. As the U.S. economy shuddered to a virtual halt in March in response to the global health pandemic,…

Concord Coalition executive director Bob Bixby recently moderated a policy discussion on Covid-19, the economy and the federal budget. The event was sponsored by Center Forward, an organization devoted to bringing together Members of Congress and Washington, DC organizations in…

One silent victim of the coronavirus pandemic is the 2020 congressional legislative agenda. As the virus took hold in the United States, lawmakers in the House and Senate rightly jettisoned their to-do lists to focus exclusively on emergency relief legislation.…

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.