#Economy

Fiscal Year 2010 ended last Thursday but no one was popping champagne corks. Little wonder. For the second year in a row, the federal government ran a budget deficit well in excess of one trillion dollars. (more…)

State and local governments face severe financial challenges that include slower economic growth, lagging tax revenues and rising health care costs and retirement benefits. But relying on more assistance from the federal government is not a viable option, according to…

The media is buzzing about how House Minority Leader John Boehner and President Obama might be ready to "compromise" on what to do about the Bush tax cuts. From a story by Shailagh Murray and Lori Montgomery in Monday's Washington…

With the federal deficit and related fiscal problems on center stage in this year’s congressional campaigns, the latest update on the Budget and Economic Outlook from the Congressional Budget Office deserves particular scrutiny. That report has thrown sand into the…

One of my Concord colleagues recently relayed the following "old joke" to me, remarking that a fiscal policy issue we had been discussing reminded him of it. But when he said it, it reminded me instead of a different fiscal…

Today we updated our "Plausible Baseline" to take into account the Congressional Budget Office (CBO)'s latest Budget and Economic Analysis.Our press release, "Concord Coalition Says CBO Report Shows Need to Re-examine Fiscal Priorities," is here. (more…)

WASHINGTON----With the 2010 Social Security and Medicare Trustees’ Report scheduled to be released on Thursday, The Concord Coalition today urged lawmakers, the president’s fiscal commission and the public to focus on the report’s projected cost growth of the two largest…

Despite important political and economic ties, Britain and the United States are pursuing very different policies to deal with the tremendous fiscal challenges they face. Prime Minister David Cameron, who visited the U.S. last week, hopes to cut Britain’s budget…