#Federal Budget

Although the federal deficit fell sharply over the last year as the economic recovery continued, this good news should not be used as an excuse to ignore the serious fiscal challenges that Washington still needs to confront.The deficit for Fiscal…

Who says that Democrats and Republicans can't reach a grand bargain? Harry Reid and Paul Ryan seem to have it figured out. If Democrats and Republicans don’t demand compromises from each other, everyone can get along. It’s the perfect political grand…

The federal debt limit is actually a case of mistaken identity, according to Concord Coalition Executive Director Robert L. Bixby.“While you would think that a ‘debt limit’ would exert control over the nation’s fiscal policies, it does not,” he says…

Spurred by a Thursday deadline to avoid risking a federal default, Senate leaders said yesterday that they were finally making progress towards a bipartisan agreement to raise the federal debt limit and end the government shutdown.Reports this morning, however, said…

Lawmakers struggling with the Fiscal 2014 budget could face an even tougher challenge funding the government in the future as interest payments rise to record levels, squeezing other parts of the budget and making it more difficult to hold down…

The federal shutdown over the 2014 budget continues amid growing concern among economists, investors, business executives, foreign leaders and others that Washington is also deadlocking over the federal debt limit -- raising the possibility that financial markets could fall sharply…

WASHINGTON -- The Concord Coalition today urged elected officials in Washington to put an end to the government shutdown by quickly resolving their differences over a budget for the coming year -- something that should have been done months ago.…

The federal government began a partial shutdown today because it lacked a budget for the new fiscal year, raising concerns about whether Washington has become so dysfunctional that it might also fail to raise the federal debt limit before the…