#Federal Budget

The House voted 329-91 last week to approve a continuing resolution (CR) to fund the government through March 27 at a level that is consistent with the $1.047 trillion cap included in the Budget Control Act. The Senate is expected…

Last Friday the Office of Management and Budget (OMB) released a report detailing the effects of automatic spending cuts scheduled to begin taking effect in January. The cuts are required by the 2011 Budget Control Act (BCA) because the Joint…

Two prominent bipartisan groups produced comprehensive plans in late 2010 to put the federal budget on a sustainable course. On Monday the group’s four co-chairs explained how they did it – and hoped that elected officials would eventually follow their…

Former Defense Secretary Robert Gates and former Chairman of the Joint Chiefs of Staff Michael Mullen said Monday that Washington’s fiscal ailments pose a serious threat to national security, but they warned that sharp automatic spending cuts scheduled to start…

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.)…

With public attention shifting from the party conventions to the fall campaign and the presidential debates that start in early October, advocates of federal budget reform are renewing their calls for more substantial political discussion of the country’s fiscal and…

Both presidential campaigns could do a better job of addressing the tough fiscal choices that face the country in the years ahead. (more…)

WASHINGTON -- The Concord Coalition said today that new projections by the Congressional Budget Office (CBO) underscore the need for Washington to commit to long-term fiscal reforms while dealing with this year’s looming budget decisions. Concord said the new numbers…