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In addition to making short-term budget decisions, elected officials must do a better job than they have this year in confronting the nation’s larger, long-term fiscal challenges.Budget experts, lawmakers and former members of Congress expressed that theme as they discussed…


Extending emergency unemployment compensation for another year would add 200,000 jobs but carries a price tag of $25 billion, according to an analysis released recently by the Congressional Budget Office (CBO). (more…)


If the recent past is any indication of how elected officials will deal with the country’s short- and long-term fiscal challenges, Americans – and especially younger ones – are in trouble. Washington will have to step up its game. And…


Sen. Angus King (I-Maine), a member of the budget conference committee, has offered a proposal that would replace roughly half of the sequestration scheduled through 2021 with savings from mandatory spending and revenue from corporate tax reform.In place of $455…


Twitter’s IPO last week focused some bipartisan attention on provisions in the tax code that are unfair, costly to the federal Treasury and ripe for reform.Sen. Carl Levin (D-Mich.) and Sen. John McCain (R-Ariz.), the chairman and ranking member of…


With the budget conference committee facing a mid-December deadline to reach a bipartisan deal, the work has shifted to private discussions among various groups of lawmakers.Expectations for the committee, which held its opening session Wednesday, have been low. But if…


Although the latest manufactured fiscal crisis is over for now, brinkmanship over funding the government and the debt ceiling has caused substantial harm to the economy.According to a new report by the President’s Council of Economic Advisers (CEA), the government…


With the budget conference committee starting to meet this week, some political leaders seem to be thinking that the ideal “grand bargain” on the budget would be: Do nothing.Concord Coalition Executive Director Robert L. Bixby warns that this could become…


Who says that Democrats and Republicans can't reach a grand bargain? Harry Reid and Paul Ryan seem to have it figured out. If Democrats and Republicans don’t demand compromises from each other, everyone can get along. It’s the perfect political grand…


Fitch Ratings placed the United State’s AAA credit rating on “Rating Watch Negative” last week, due to the increased risk of a default on the government’s financial obligations from the debt ceiling standoff.Fitch said in its statement that repeated brinkmanship…


With last week’s passage of a short-term Continuing Resolution funding the government and a debt limit increase, elected officials gave themselves a tight set of deadlines to finally put together a budget plan that might consider more structural, long-range fiscal…


The federal debt limit is actually a case of mistaken identity, according to Concord Coalition Executive Director Robert L. Bixby.“While you would think that a ‘debt limit’ would exert control over the nation’s fiscal policies, it does not,” he says…

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