#Deficit

WASHINGTON -- The Concord Coalition said today that updated projections by the Congressional Budget Office (CBO) highlight the need for elected officials and political candidates to focus on the nation’s worsening fiscal challenges. “While not surprising, the projections released today…

There’s a familiar ring to the latest report by the Government Accountability Office (GAO) on the nation’s fiscal health, and that is not a good sign. The new report reiterates GAO’s past warnings about the federal government’s budget problems and…

Don’t look now, but budgetary gridlock on Capitol Hill is about to get worse. So is the deficit. With all the attention being paid to the partial government shutdown over funding for a wall on the Mexican border, it is…

The Treasury Department’s final report for Fiscal Year 2018, showing a 17 percent ($113 billion) jump in the deficit, has drawn new attention to the nation’s worsening fiscal position and injected the issue into the midterm congressional campaigns. The sobering…

WASHINGTON -- The Concord Coalition today warned that the rapidly rising federal budget deficit -- totaling nearly $779 billion in Fiscal Year 2018 -- reflects a structural gap between spending and revenues that is largely ignored in Washington even as…

The federal deficit for Fiscal 2018 totaled $782 billion, an increase of $116 billion over the previous fiscal year, the Congressional Budget Office (CBO) estimated late last week. While those numbers are troubling enough, they get even worse when shifts…

Tomorrow former congressmen David Jolly and Patrick Murphy will discuss excessive division and gridlock and how, through bipartisan leadership, the nation’s political systems could function more effectively. The program, “Let’s Fix Washington: Breaking Through Political Dysfunction and Faulty Fiscal Policy,”…

With the Trump administration projecting a return to trillion-dollar deficits in the fiscal year that starts Oct. 1, economists, former government officials and the public have expressed great concern about the rapid growth of the national debt. Yet this concern…