#Discretionary Spending

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WASHINGTON, DC – The Concord Coalition today welcomed the deficit reduction goals of the Democratic Climate, Tax and Health Care bill, but cautioned that the heavily back-loaded nature of the savings poses a significant risk that some of those savings will…


WASHINGTON, DC – Today, the nonpartisan Congressional Budget Office (CBO) released its 2022 Long-Term Budget Outlook, projecting yet again a grim fiscal outlook for future generations. Absent any remedial action by Congress, by 2052 our debt to GDP ratio will be 185 percent…


With the recent onslaught of crisis-driven news—everything from 40-year high inflation, war in Ukraine, Supreme Court rulings, and mass killings—it is easy to forget some festering problems that lawmakers have ignored for years. These problems have not gone away…


Washington -  The Concord Coalition said today that the new Budget and Economic Outlook for Fiscal Years 2022-2032 released by the Congressional Budget Office (CBO) is evidence that the days of easy deficit reduction from fading COVID relief funding are over.


This week, the House and Senate gave final approval to a $40.1 billion emergency supplemental appropriations bill for Ukraine.


Thirty years ago when The Concord Coalition began advocating fiscal and generational responsibility it was already clear that climate change posed a serious threat to the planet. There was not, however, much discussion about how climate change might affect…


The U.S. economic recovery from the COVID-induced recession continues to surprise. On April 28, the Bureau of Economic Analysis (BEA) released its preliminary estimate of first quarter real GDP for 2022. Most economists predicted a slowdown from the explosive 6.9 percent…


The House and Senate returned this week after a two-week spring break. Lawmakers have a lot on their plates between now and the end of the year—a year shortened by the campaign season and the November midterm elections. As…


Apr 21, 2022
The March inflation report from the Bureau of Labor Statistics was shocking. The price of the average consumer’s market basket of goods and services rose 8.5 percent over the previous 12 months—the highest level in 40 years. Excluding the…


The week of April 4 began with hopeful optimism as a bipartisan group of Senators reached a tentative agreement to replenish emergency funds needed to restock federal supplies of COVID vaccines, therapeutics, and testing equipment. With COVID cases rising…


According to the White House, President Biden will unveil his FY 2023 budget on Monday, March 28. The proposal is expected to be a traditional budget, meaning it will include detailed supplemental information such as the economic projections that…


One of the most memorable lines in cinema comes from the 1975 Steven Spielberg film, “Jaws,” where after a brief but terrifyingly close encounter with the razor-sharp teeth of the eponymous mega-shark, a visibly shaken Sheriff Brody turns to…

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