The Latest

The economic recovery has produced larger-than-expected surpluses for many states, and their elected officials are considering what to do with the windfalls.Unfortunately, many state lawmakers have put forward plans that address short-term issues while ignoring more important long-term fiscal concerns…

In her first congressional appearance as chair of the Federal Reserve, Janet Yellen this morning discussed challenges facing the central bank and noted that tightening fiscal policy had slowed economic growth last year.President Obama nominated Yellen last October to succeed…

WASHINGTON -- With the Senate this week considering repeal of the recent reduction in cost-of-living (COLA) increases for working-age military retirees, The Concord Coalition warned lawmakers that deviating from a pay-as-you-go standard for new spending and tax cuts would make…

State lawmakers across the country are debating how to spend large surpluses after the economic recovery helped produce higher-than-expected tax collections for the second year in a row. (more…)

“Like Frankenstein’s monster, the statutory debt limit will soon come back to life,” says Concord Coalition Executive Director Robert L. Bixby. But while swift congressional action to raise the limit is necessary, he writes in a recent blog post, it…

The Congressional Budget Office released a new report Tuesday that includes some good short-term news on federal deficits but warns that they could add $7.9 trillion to the debt over the next decade.The CBO’s Budget and Economic Outlook is “an…

WASHINGTON -- Although the federal deficit is currently dropping, The Concord Coalition said today that new projections by the Congressional Budget Office (CBO) show that Washington cannot afford to put fiscal reform on the back burner. (more…)

Swift action on the federal debt limit is necessary but may not be as easy as many on Capitol Hill assume, according to Robert L. Bixby, executive director of The Concord Coalition. (more…)