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…
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…
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…
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,…
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 –…
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,…
Concord Action Calls on Congress to Stabilize Social Security – While There is Still Time WASHINGTON, DC, August 12, 2025 – In advance of the 90th anniversary of Franklin Delano Roosevelt signing the Social Security Act on August 14, 1935,…
Congress and the President have approved the One Big Beautiful Bill Act (OBBBA), which is projected to increase deficits by $3.4 trillion over the next decade. These unpaid-for tax cuts will worsen our fiscal outlook, drive up the national debt,…
We are in a period of economic and political uncertainty and instability. The jobs numbers released by the Bureau of Labor Statistics (BLS) on Friday add to these concerns. When the President responded by attacking the numbers and firing the…
As Medicare celebrated its 60th anniversary last week, much of the discussion about its financial future centered on a single, ominous metric: the depletion date of the Hospital Insurance trust fund (HI). Medicare’s Trustees say this will happen in 2033,…
Ownership of U.S. Treasury bonds is widely dispersed across foreign governments, the Federal Reserve, financial institutions, state and local entities, and individual households (see chart). This diversity may bolster market liquidity, but it also amplifies risk: federal debt is woven…
On the 60th anniversary of Medicare, Carolyn Bourdeaux, Executive Director of Concord Action, released the following statement: “Medicare has been a game-changing program helping seniors and people with disabilities access healthcare for 60 years now, but it is facing serious…
