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WASHINGTON, DC – The Concord Coalition said today that President Biden’s goal of reducing future federal budget deficits by $3.2 trillion over 10 years is a step in the right direction, but falls short of what is needed to prevent…


For immediate release: March 7, 2024 For more information: Chris Colligan -- 703-517-0378 -- 703-894-6222 -- [email protected] The economy is growing at a solid rate, unemployment remains low and inflation is coming down. These are all reasons to feel good…


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…


This week, The Concord Coalition joined an ideologically diverse group of thought leaders in issuing a letter calling for the establishment of a bipartisan fiscal commission. The experts are calling for such a commission to put all parts of the…


The Concord Coalition today said new long-term projections released today by the Congressional Budget Office (CBO) reveal deep structural problems underlying the federal budget and the economy that will keep the debt on an unsustainable path and diminish the opportunities…


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…


The Concord Coalition announced today that Former U.S. Representative Carolyn Bourdeaux (D-Georgia) is the newest addition to the organization’s Board of Directors. Dr. Bourdeaux has built a distinguished decades-long career at the intersection of policy, politics, and governance. Dr. Bourdeaux…


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…


WASHINGTON, DC — The Concord Coalition said today that this year’s reports from the Social Security and Medicare trustees demonstrate an urgent need for action to avoid severe benefit cuts by 2034 for Social Security’s combined retirement and disability programs,…


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? 

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