#Budget Process

With pressure mounting to avoid a default on federal government obligations, Senate leaders Republican Mitch McConnell and Democrat Chuck Schumer, agreed to a temporary compromise: Republicans agreed not to filibuster legislation addressing the debt limit and Democrats agreed to…

As Democrats in Congress continue to meet with President Biden to determine the ultimate size and scope of their social spending plan, it’s worth taking a minute to step back and consider the monumental dilemma they face – they have…

For several months, Republicans and Democrats in Washington, DC have been barreling towards each other on a collision course over a pair of looming fiscal deadlines. First, Congress must prevent a government shutdown by passing a temporary stopgap funding measure,…

Despite a pending government shutdown and looming debt default, this week federal lawmakers in Washington were hyper-focused on the House reconciliation legislation, the second installment of President Biden’s Build Back Better agenda. Although the legislation is far from finished,…

Budget Breakthrough After moving at a breakneck pace and holding a special session, the House and Senate passed an FY 2022 budget resolution on Tuesday, setting the table for the annual appropriations process. It also jumpstarts reconciliation, the strategic…

"Democrats announced in early July that the progressive and moderate wings of the party had agreed to a top line spending level of $3.5 trillion for the upcoming reconciliation bill. They also promised to pay for most, if not…

"Current figures suggest that the federal government is digging America into a hole. According to CBO’s baseline projections—which don’t account for Mr. Biden’s proposals—interest costs will surpass spending for Social Security by 2045 and will consume nearly half of…

The Concord Coalition today expressed disappointment that President Biden’s first budget, covering Fiscal Years 2022 through 2031, will produce annual deficits in excess of $1 trillion for each of those years and increase the debt as a share of…