The Latest

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…

WASHINGTON -- The Concord Coalition expressed disappointment today in President Trump’s first budget proposal, saying it relies on improbable assertions of higher economic growth and unrealistic assumptions about future spending cuts to achieve its goal of balancing the budget in…

Earlier this year President Trump said he would like to have a balanced budget “eventually” but not at the expense of higher spending on the military. Robert L. Bixby, executive director of The Concord Coalition, called Trump’s comment “troubling because it indicates…

Last week, Treasury Secretary Steven Mnuchin and Gary Cohn, chairman of President Trump’s Council of Economic Advisers, unveiled a one-page document that laid out the administration’s priorities for tax reform. While a document with such little detail could hardly be…

WASHINGTON -- The Concord Coalition expressed concern with President Trump’s new tax plan today, saying the administration has not shown how it could be financed without substantially increasing the federal debt. “While the proposal lacks specificity, what was released today…

Congress is again down to the wire on spending legislation for the current fiscal year, which is already half over. Returning to Washington after a 2-week recess, lawmakers need to take action before a stop-gap measure expires at midnight on…

WASHINGTON -- Long-term projections released today by the Congressional Budget Office (CBO) provide a timely warning for President Trump and Congress as they begin focusing on tax and spending plans for the coming fiscal year, according to The Concord Coalition. “The government…