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The House and Senate made some progress last week on appropriations legislation for the coming fiscal year despite continued uncertainty over ultimate spending levels that should have been established more than a month ago in a congressional budget resolution. (more…)


Some House lawmakers are attempting to increase defense funding above the caps set by a recent bipartisan agreement through questionable alterations in a special fund for war spending. When approving the 2017 National Defense Authorization Act last month, the House…


Experts from across the political spectrum warned of the harmful consequences of unsustainable budget policies at the Peter G. Peterson Foundation’s annual fiscal summit Wednesday in Washington. Those consequences include the risks of slower economic growth, lower living standards, inadequate…


The Treasury Department has rejected a restructuring plan for the Central States Pension Fund that would have cut benefits for thousands of retired Teamsters. While beneficiaries were relieved, the financial problems facing the fund remain. The ruling is also a…


Donald Trump, the presumptive GOP presidential nominee, has stirred up considerable controversy by suggesting that the federal government might be able to “make a deal” with its creditors to pay less than they were owed. Many economists and fiscal experts…


In a bipartisan program on Capitol Hill last week, two fiscal experts pointed to several factors that are driving long-term federal borrowing and called for a renewed focus on deficit reduction. Alan Viard of the American Enterprise Institute and Joe…


WASHINGTON -- With voters going to the polls for their state's primary election in the coming weeks, The Concord Coalition reminds the presidential candidates that -- regardless of party affiliation or ideology -- the rising national debt will affect the…


An estimated $458 billion a year in federal taxes went unpaid in 2008 through 2010, the Internal Revenue Service reported recently. That figure, called the “tax gap,” was up slightly from $450 billion in 2006, although the IRS attributed much…


The most notable cost-related changes in the health care system over the past decade have attacked some of the misaligned incentives in the system, and those efforts have helped slow health-care cost growth in recent years. (more…)


Health care cost-control efforts in the United States can often be described simply as “changing incentives.” The focus on incentives can be traced to two main circumstances: 1) The majority of politicians have opposed efforts to reduce costs simply through…


Playing to the frustration Americans often feel around tax-return season, many lawmakers last week targeted the IRS with criticism and an array of proposals with little chance of becoming law. The House passed several measures during what some Republican lawmakers…


Military operations against the terrorist organization ISIS in Iraq and Syria have cost $7 billion, according to a recent Pentagon report. The report measured the cost of the campaign from its start in August 2014 until last month. Almost half…

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