News Archives - Page 93 of 202

Press Releases

Long-Term Outlook Shows Demographics Drive Deficits

Jul 15, 2014

WASHINGTON -- The Concord Coalition said today that new long-term projections from the Congressional Budget Office (CBO) underscore the need for Washington to move beyond today’s overly partisan environment to pursue broad fiscal reforms. (more…)

Blogs

Improper Payments Are Down But Still Troubling

Jul 14, 2014

The government made an estimated $105.7 billion in improper payments last year, including $62.2 billion for health care, the Government Accountability Office (GAO) says.Beryl Davis, a GAO official, discussed the problem before a House sub-committee last week. Officials from the…

Blogs

Mid-Session Review: Little Change in Broad Outlook

Jul 14, 2014

Despite a strengthening economy, the administration’s Mid-Session Review budget projections show little change in the overall fiscal outlook.The report, released Friday, anticipates a deficit for the current fiscal year of $583 billion, down $66 billion from the administration’s March projection.…

Blogs

Donovan Takes the Reins at OMB

Jul 14, 2014

Former Housing and Urban Development Secretary Shaun Donovan takes over as President Obama's fourth budget director after the Senate's 75-22 confirmation vote last week.Donovan replaces Sylvia Matthews Burwell, who was recently confirmed as Secretary of Health and Human Services.As head…

Blogs

Administration’s Updated Projections Show Little Change in Big Fiscal Picture

Jul 14, 2014

With the economy continuing its slow recovery, the administration’s Mid-Session Review budget projections released on Friday show little change in the overall outlook. (more…)

Blogs

A Short-Term Gimmick for Highway Funding

Jul 11, 2014

The House Ways and Means Committee and Senate Finance Committee approved similar plans last Thursday to transfer $10 billion in general revenues to the Highway Trust Fund.Unfortunately, both plans rely on “pension smoothing,” a gimmick that was used in the…

Blogs

‘Emergency’ Designation Is Not for Regular Spending

Jul 10, 2014

Lawmakers must carefully review President Obama’s request for “emergency” funding this year to fight wildfires, increase border security and deal with a surge of migrants from Central America.The President has asked for $3.7 billion to improve border security while addressing…

Blogs

Weigh Options to Curb Defense Spending

Jul 8, 2014

A new presentation by the Congressional Budget Office showcases the difficult choices lawmakers and military leaders must make over the next several years to comply with lower caps on defense spending.The presentation shows options for downsizing the armed forces, reforming…

Blogs

Warning Sign: Delays Ahead on Highway Funding

Jul 8, 2014

Due to a long-predicted financial crunch, the Department of Transportation has announced that it will begin delaying payments next month from the Highway Trust Fund to the states.Lawmakers must quickly find a solution to avoid postponement or cancellation of transportation…

Blogs

Congress Faces Long To-Do List for July

Jul 8, 2014

Returning to Washington from their July 4 break, members of Congress have only a limited amount of time before their August recess to get a great deal of work done -- much of it unfortunately postponed from earlier this year.And…

Blogs

Lawmakers Running Out of Time to Fix Highway Trust Fund

Jul 7, 2014

In a move that many saw as inevitable unless lawmakers acted, the Department of Transportation announced recently that the dwindling Highway Trust Fund would have to begin delaying payments to state governments in August. (more…)

Blogs

Coburn, Durbin Receive Economic Patriot Award

Jul 1, 2014

Senators Dick Durbin and Tom Coburn received The Concord Coalition’s 2014 Paul E. Tsongas Economic Patriot Award last week in Washington for their strong advocacy of fiscal responsibility and their willingness to work towards bipartisan budget solutions.Concord Executive Director Robert…

The Latest

Long-Term Outlook Shows Demographics Drive Deficits

Improper Payments Are Down But Still Troubling

Mid-Session Review: Little Change in Broad Outlook

Donovan Takes the Reins at OMB

Administration’s Updated Projections Show Little Change in Big Fiscal Picture

A Short-Term Gimmick for Highway Funding

‘Emergency’ Designation Is Not for Regular Spending

Weigh Options to Curb Defense Spending

Warning Sign: Delays Ahead on Highway Funding

Congress Faces Long To-Do List for July

Lawmakers Running Out of Time to Fix Highway Trust Fund

Coburn, Durbin Receive Economic Patriot Award

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