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Federal Fiscal Stress Testing: A Common-Sense Step Toward Resilience

In the wake of mounting national debt, rising interest costs, and looming trust fund insolvencies, Congress has a rare opportunity to strengthen America’s fiscal resilience before the next crisis hits. The bipartisan Fiscal Contingency Preparedness Act (S. 2492 and H.R.…

Concord Action Statement on Congress Failing to Reach a Budget Agreement and Avert a Government Shutdown

In response to Congress failing to reach a budget agreement, leading to a government shutdown, Carolyn Bourdeaux, Executive Director of Concord Action, released the following statement: “The federal government is $37 trillion in debt, threatening our economic stability. And Congress…

Concord Action: Congress Has Better Options Than More Debt

Concord Action: Congress Has Better Options Than More Debt WASHINGTON, DC, September 19, 2025 - Concord Action Executive Director Carolyn Bourdeaux released the following statement ahead of planned Congressional votes on continuing budget resolutions: “Over the years, Congress has put…

The Real Costs of a Government Shutdown: Why the Appropriations Process Matters

As the September 30 deadline approaches, Congress once again finds itself racing against the clock to fund the federal government. If lawmakers fail to pass the necessary appropriations bills or agree on a temporary funding measure—known as a continuing resolution—the…

Congress Needs to Make a Plan Now to Address the Nation’s Debt Problem

America’s $37 trillion national debt is no longer a distant concern—it’s a clear and present danger. Interest payments alone now eclipse what we spend on national defense, devouring nearly 20% of every tax dollar. This debt load is choking our…

Congress Is Not Doing Its Job – And We Are Paying the Price

Every year, Congress is legally required to pass a budget to fund the federal government. That means approving 12 separate appropriations bills before the fiscal year begins on October 1. While these bills make up an increasingly small fraction of…

Pocket Rescissions Could Test Congress’ Power of the Purse

On Thursday evening, the Trump administration’s budget office notified Congress that it is cancelling $4.9 billion in foreign aid funding through a so-called "pocket rescission” – a controversial maneuver that the Government Accountability Office (GAO) has indicated is illegal. This…

Appropriations Update: Where Things Stand in Congress

As Congress works through the annual appropriations process for Fiscal Year 2026, the pace and priorities are beginning to take shape—though progress remains uneven across both chambers. Both chambers’ Appropriations Committees create their own version of each bill, laying out…

Concord Action Statement in Response to Encroachments on Federal Reserve Independence

WASHINGTON, DC, August 21, 2025 - Concord Action Executive Director Carolyn Bourdeaux released the following statement on the importance of an independent Federal Reserve: “The attacks on Federal Reserve Chair Powell and now on Federal Reserve Governor Lisa Cook, reflect…

Statement in Memory of Mike Castle: Governor, U.S. Representative, and Concord Coalition Board Co-Chair

The Concord Coalition mourns the loss of our former Co-Chair and long-time Board member Mike Castle. As Governor of Delaware and a nine-term Republican member of the U.S. House of Representatives, Castle’s public service was characterized by principled leadership, civility,…

Delaying Action on Social Security Makes the Fiscal Problem Worse

As Social Security marks its 90th anniversary, a transformative decision about its basic character and financing is being made in silence without deliberation by elected officials or the American people. That decision is whether the program should remain self-financed –…

$37 Trillion National Debt is a Wake-Up Call: Concord Action

WASHINGTON, DC, August 12, 2025 – As the national debt hits the $37 trillion level for the first time in U.S. history today, Concord Action Executive Director Carolyn Bourdeaux released the following statement: “For the first time in U.S. history,…

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