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While much has changed in the past 25 years, this fundamental reality has not: Federal budget policy remains on an unsustainable track, driven by structural forces that increase federal spending faster than revenues. (more…)


A group of prominent economists and experts on the federal budget warned at The Concord Coalition's 25th Anniversary forum that the government is on an unsustainable fiscal course that puts the country’s future at risk and could place an unfair…


WASHINGTON -- The Concord Coalition said today that updated projections by the Congressional Budget Office (CBO) underscore the need for President Trump and Congress to turn their attention to the worsening budget outlook. “The CBO’s latest projections, while not surprising,…


Congress has a curious way of doing financial business: It agrees to spend money and then periodically threatens not to pay the resulting bills. It is a bizarre and potentially dangerous political ritual, unique among national governments around the world,…


A new report by Charles Blahous and Robert Reischauer, who up until last year were the public trustees of Social Security and Medicare, highlights the financial challenges facing both programs as part of a new initiative at the Bipartisan Policy…


WASHINGTON -- It’s late June and Washington has no budget, no agreement on health care reform, no sign of tax reform, growing worries about a government shutdown this fall and a looming crisis over the federal debt limit. How did…


The federal government’s financial problems are so large that all parts of the budget -- from entitlements to defense spending to tax breaks -- should be considered “on the table” for fiscal reform discussions. Comprehensive, lasting reform will require substantial…


After a recent “Budgets & Beers” presentation concerning federal budget problems -- notably a massive and growing debt -- I was asked: “What hope do we have for the future?” That is a good question, one that comes up frequently…


President Trump’s nominee for chairman of the Council of Economic Advisers (CEA), Kevin Hassett, appeared before the Senate Banking, Housing and Urban Affairs Committee for his confirmation hearing on Tuesday. The nomination of Hassett, an American Enterprise Institute economist, received broad…


Treasury Secretary Steve Mnuchin warned lawmakers recently that the deadline to raise or suspend the federal debt limit may be sooner than previously thought. The change is due to lower-than-expected tax receipts in April, which is typically the best month of the…


The Trump administration’s budget plan rests heavily on the assumption that the American economy will grow much more rapidly in the next decade than the Congressional Budget Office (CBO) and many private-sector economists have projected. The Concord Coalition, the Committee for…


Leading policymakers in both parties, business leaders and prominent experts on the federal budget generally agreed at a Washington policy forum Tuesday that the United States faces difficult fiscal challenges and should act soon to deal with them. “Addressing our…

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