#Budget Process

Senate Majority Leader Harry Reid and Senate Republican Leader Mitch McConnell continue to work on a plan that would let President Obama raise the federal debt limit in increments while allowing congressional Republicans to repeatedly vote against the increases.Recent reports…

WASHINGTON -- As Congress considers a balanced budget amendment to the Constitution, The Concord Coalition said today that any such proposal should be thought of as a bold statement of principle: that one generation of Americans should not bind future…

Senate Budget Committee Chairman Kent Conrad (D-N.D.) outlined a budget framework Monday that he said would reduce deficits by $4 trillion between 2012 and 2021.Democrats on the committee developed the framework, which Conrad presented in a speech on the Senate…

Both negotiations and the war of words continue over raising the federal debt limit and curbing future deficits. Further talks are planned this week, with the Treasury continuing to warn that congressional inaction by Aug. 2 risks “catastrophic” economic damage…

The political stalemate over taxes and the debt limit continues, with President Obama saying a deal needs to be reached by July 22 to give Congress time to draft and approve the appropriate legislation before the government runs out of…

The Congressional Budget Office (CBO) released projections last week that Concord Coalition Executive Director Robert L. Bixby said confirms that federal finances “are on an unsustainable course that threatens our economic future, risks turmoil in the financial markets, and burdens…

Lawmakers received a stark warning last week from a host of prominent economic and federal policy experts: The mere prospect of a U.S. default could raise interest rates, forcing taxpayers to pay many billions of dollars more on the government’s…

After a week-long recess, the House continued last week to make progress on FY 2012 appropriations bills. The second and third bills to clear the House were for Military Construction/ Veterans Affairs and Agriculture.The House Appropriations Committee completed action on…