#Economy

Executives at 15 of the nation’s largest financial companies are urging Washington to act quickly to avoid the year-end “fiscal cliff” while also taking “concrete steps to restore the United States’ long-term fiscal footing.”“The consequences of inaction – for stability…

Despite all of the partisan disagreements over the federal budget, some former government officials and other experts have found some common ground on possible approaches to fiscal reform. In a recent blog post Paul Hansen, western states regional director for…

As part of the Strengthening of America -- Our Children's Future project that The Concord Coalition is co-sponsoring, a forum was held last week in New York on the topic of pro-growth tax reform. The video of the full event is…

This week The Concord Coalition and several other organizations kicked off an initiative called Strengthening of America – Our Children’s Future focused on the nation's worsening fiscal situation. Former Senators Sam Nunn (D-Ga.), Pete Domenici (R-N.M.), Warren Rudman (R-N.H.) and Evan Bayh (D-Ind.)…

The Congressional Budget Office (CBO) released new projections last week that show why Washington should commit to long-term fiscal reforms while dealing with some important budget decisions that must be made by the end of this year. “Once again, CBO’s…

Congressional procrastination could lead to chaotic decision-making on the federal budget after the November elections, but many economists believe this procrastination is already harming the economy. The damage stems from widespread uncertainty over what elected officials will do, if anything,…

The severe fiscal, financial and economic difficulties in Europe underscore the need for Washington to develop credible plans for comprehensive, long-term fiscal reforms -- in part because spillover problems from Europe could well aggravate U.S. budget challenges. But Europe’s experience…

State governments face severe fiscal problems that threaten their ability to meet their obligations to citizens, public employees and creditors, according to a report released last week by the State Budget Crisis Task Force. “The conclusion of the Task Force…