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WASHINGTON -- The Concord Coalition today warned that the rapidly rising federal budget deficit -- totaling nearly $779 billion in Fiscal Year 2018 -- reflects a structural gap between spending and revenues that is largely ignored in Washington even as…


Social Security benefits for more than 67 million Americans will increase 2.8 percent next year, the federal government announced yesterday. The increase, which is tied to the government’s Consumer Price Index (CPI), is the highest in seven years. While older Americans…


The federal deficit for Fiscal 2018 totaled $782 billion, an increase of $116 billion over the previous fiscal year, the Congressional Budget Office (CBO) estimated late last week. While those numbers are troubling enough, they get even worse when shifts…


With the federal deficit projected to exceed $1 trillion in Fiscal 2020, many economists worry that Washington’s heavy borrowing to cut taxes and increase spending could make it more difficult to counteract the next economic downturn. At an event this…


Students, educators and other residents of the Minneapolis and St. Paul area will try to develop plans to reduce federal deficits in an interactive exercise this Thursday, Oct. 4, at the Humphrey School of Public Affairs. The “Principles and Priorities”…


Today, Oct. 1, marks the beginning of the federal government’s 2019 fiscal year. Fortunately, there will be no government shutdown because Congress has passed and the president has signed five of the 12 annual appropriation bills for Fiscal 2019, along…


The House Ways and Means Committee is looking to pass more deficit-financed tax cuts, most notably by pressing to extend tax cuts passed in 2017 beyond their 2025 expiration dates. The Congressional Budget Office released a score of that legislation,…


Lawmakers made noteworthy progress last week on spending bills for the coming year, at least as far as timeliness is concerned. Congress approved three bills and negotiators announced a bipartisan agreement on a much larger package that could avoid a government…


Tomorrow former congressmen David Jolly and Patrick Murphy will discuss excessive division and gridlock and how, through bipartisan leadership, the nation’s political systems could function more effectively. The program, “Let’s Fix Washington: Breaking Through Political Dysfunction and Faulty Fiscal Policy,”…


With congressional elections two months away, voters are hearing a great deal from the candidates about the high priority that Americans place on their children and the nation’s future. The lofty rhetoric on this subject, however, is hard to square…


With the Trump administration projecting a return to trillion-dollar deficits in the fiscal year that starts Oct. 1, economists, former government officials and the public have expressed great concern about the rapid growth of the national debt. Yet this concern…


A few weeks ago, we discussed a Congressional Budget Office (CBO) report that showed its standard projections, which assume current laws remain in place, likely understate the projected path of debt and that if Congress continues certain recent policies, the…

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