The Concord Coalition today noted a small reduction in federal budget deficits projected by the Congressional Budget Office (CBO), but cautioned that the improvements are driven by lower projections of discretionary spending, which is subject to future annual appropriations–and the…
The Concord Coalition today is heartily welcoming the announcement by House Budget Committee Chairman Jodey Arrington (R-TX) and Ranking Member Brendan Boyle (D-PA) that they are launching a bipartisan budget process reform effort. “The budget process is broken and the…
Jason Furman Aetna Professor of Economic Policy, Harvard University, Chair of the Council of Economic Advisors…
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?