#Federal Budget

This past Saturday marked 20 years since President Bill Clinton signed the Balanced Budget Act of 1997 (BBA). The act was the result of an agreement with the Republican-controlled Congress designed to balance the budget by 2002. (more…)

WASHINGTON -- The Concord Coalition is pleased that the House Budget Committee has voted to advance a budget resolution that aims to balance over 10 years, but is skeptical about the assumptions the committee makes to get there. However, establishing…

WASHINGTON -- It’s late June and Washington has no budget, no agreement on health care reform, no sign of tax reform, growing worries about a government shutdown this fall and a looming crisis over the federal debt limit. How did…

The federal government’s financial problems are so large that all parts of the budget -- from entitlements to defense spending to tax breaks -- should be considered “on the table” for fiscal reform discussions. Comprehensive, lasting reform will require substantial…

WASHINGTON -- The Concord Coalition expressed disappointment today in President Trump’s first budget proposal, saying it relies on improbable assertions of higher economic growth and unrealistic assumptions about future spending cuts to achieve its goal of balancing the budget in…

Amid all the debate in Washington on health care, taxes and other things, the congressional budget process for the coming year is already behind schedule and seems to have almost been forgotten. Congress has yet to even consider a Fiscal…

WASHINGTON -- The Concord Coalition expressed concern tonight that President Trump’s speech to a joint session of Congress failed to discuss in any detail how his administration planned to meet the nation’s key fiscal challenges or finance his new proposals.…

An amazing thing happened in Washington recently. With the total national debt about to top $20 trillion and on an unsustainable long-term path, 376 members of the House of Representatives voted for one of two Fiscal Year 2017 budget resolutions…