Following the passage of the Fiscal Responsibility Act of 2023, House Speaker Kevin McCarthy (R-Calif.) expressed interest in appointing a bipartisan commission to address the nation’s long-term fiscal imbalance. That idea has now drawn support from the newly formed Bipartisan Fiscal Forum. These are…
How to Radically Change Expectations about the Federal Budget Process by Dr. Carolyn Bourdeaux, Senior Visiting Scholar, University of Georgia; Board Member of the Concord Coalition; Former Member of Congress from Georgia’s 7th District Now that we’ve come through the debt…
The debt limit crisis is behind us for now, but the budget deficit is decidedly heading in the wrong direction. Last week, the Congressional Budget Office (CBO) reported in its May Monthly Budget Review that over the first eight months…
The Concord Coalition said today that the budget and debt limit agreement reached by President Biden and Speaker McCarthy is a sound compromise that can be enacted in time to prevent any default on the federal government’s legal obligations. Concord…
