The Latest

Concord Coalition Executive Director Robert L. Bixby offers two key suggestions for improving the congressional budget process: Plan ahead and pay the bills.Congress could start by simply following the rules and statutory requirements that are already in place, including the…

The recent release of House Ways and Means Chairman Dave Camp’s detailed plan for comprehensive tax reform was unfortunately met with a collective shrug by his congressional colleagues in both parties.“By adding specifics to what is usually a hypothetical discussion,…

WASHINGTON -- The Concord Coalition expressed disappointment today that President Obama’s proposed 2015 budget shifts the administration’s focus away from the credible framework he offered last year for comprehensive, bipartisan fiscal reform.“While there are some positive elements in the President’s…

In testimony to lawmakers last week, Federal Reserve Chair Janet Yellen criticized current fiscal policy, saying budget cuts have put a drag on the economy while longer-term deficit projections still need to be addressed.During her testimony to the Senate Banking…

Information released so far on the President’s proposed budget for Fiscal 2015 provides a mixed picture on fiscal reform.The administration has unfortunately dropped an earlier plan to save money by switching to a more accurate measure of inflation, but it…

In an analysis of its recent Budget and Economic Outlook, the Congressional Budget Office (CBO) underscores a key point: That growth in health care and retirement programs, together with rising interest payments, will drive projected federal deficits and debt higher…

As we await the full release of the President’s Fiscal Year 2015 Budget, some important specifics have been slowly made public. It looks like this budget, as is usually the case, will contain a mixture of sensible reforms and politically…

In a disappointing show of political panic, Congress last week overturned a reasonable reform it passed just last December in future cost-of-living adjustments for military pensions going to working-age beneficiaries. President Obama signed the reversal legislation last weekend.The episode does…