#Federal Budget

To prevent their agenda from stalling, President Biden and congressional Democrats  must secure two major policy victories before recessing for the upcoming month-long district work period: (1) complete negotiations on a nearly $1 trillion bipartisan infrastructure bill and pass…

Washington -  Today, the Congressional Budget Office released a topline summary of its much-anticipated update to the 2021 budget baseline. The previous installment from CBO was published in February, prior to enactment of the $1.8 trillion American Rescue Plan…

Like the boy who cried wolf, the political media has declared this to be “Infrastructure Week” in the halls of Congress…again. The president has been abroad meeting with leaders of NATO, the EU, the G-7 and Russia, but term…

The Concord Coalition today expressed disappointment that President Biden’s first budget, covering Fiscal Years 2022 through 2031, will produce annual deficits in excess of $1 trillion for each of those years and increase the debt as a share of…

This week, President Biden continued to roll out an ambitious policy agenda with release of the American Families Plan (AFP), described as “an investment in our children and our families.” Major new initiatives in the plan include universal preschool for…

On Thursday, the Department of Commerce released its preliminary estimate of U.S. gross domestic product for the first quarter of 2021. Real GDP grew 1.6 percent over the previous quarter (2020 Q4), fueled by federal stimulus payments and an aggressive…

After a one-week delay, on April 9th, the Biden administration finally released a peek at their FY 2022 budget. In it, the president proposes to spend $1.5 trillion on base (regular) discretionary programs next fiscal year, an increase of $118…

For understandable reasons, the focus in Washington over the past year has been on the nation’s physical health, and its resulting consequences for the near-term economy, rather than on our longer-term fiscal health. A new report by the Government Accountability…