Press Releases

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…

Jason Furman  Aetna Professor of Economic Policy, Harvard University, Chair of the Council of Economic Advisors…

The Concord Coalition said today that President Biden’s goal of reducing future federal budget deficits by $2.8 trillion over 10 years is a step in the right direction, but falls far short of what is needed to prevent the nation’s debt from continuing its alarming rate of increase. Moreover, the budget is based on a set of optimistic economic assumptions and unlikely policy outcomes that if not achieved would result in far less deficit reduction than projected by the administration.

On Thursday, March 9, President Biden will transmit to Congress his proposed budget for FY 2024. Although a Republican-controlled House means the Biden budget has little chance of enactment without significant modification, it represents an important starting point for negotiations and is an opportunity to initiate a national dialogue on our policy priorities: what do we want the federal government to provide and how do we want to pay for it? 

For more information: Av Harris 202-695-9524   [email protected] WASHINGTON, DC - The Concord Coalition today announced that the 2022 Economic Patriot Awards honorees are United States Senators Mitt Romney (R-UT) and Joe Manchin (D-WV). The awards recognize the Senators’ efforts…

WASHINGTON, DC – The Concord Coalition today welcomed the deficit reduction goals of the Democratic Climate, Tax and Health Care bill, but cautioned that the heavily back-loaded nature of the savings poses a significant risk that some of those savings will…

WASHINGTON -- The Concord Coalition said today that this year’s reports from the Social Security and Medicare trustees sound a blaring alarm that legislative actions must be taken soon to avoid sudden substantial benefit cuts by 2035 for Social Security…

Washington -  The Concord Coalition said today that the new Budget and Economic Outlook for Fiscal Years 2022-2032 released by the Congressional Budget Office (CBO) is evidence that the days of easy deficit reduction from fading COVID relief funding are over.