#Federal Budget

Last week both Doug Elmendorf, director of the Congressional Budget Office (CBO), and Ben Bernanke, chairman of the Federal Reserve, urged Congress to put the country on a more responsible long-term fiscal path without jeopardizing the current economic recovery. Their…

The country’s fiscal challenges and their impact on the economy dominated a Washington forum last week on domestic policy issues in this year’s presidential campaign.The program, presented by National Journal and the Society for Human Resource Management, featured three panelists:…

Washington -- The Concord Coalition said today that new long-term projections from the Congressional Budget Office (CBO) highlight the need for broad fiscal reforms -- and show how disconnected today’s political debates are from the key issues involved in putting the…

The Congressional Budget Office (CBO) has released an excellent analysis of the “fiscal cliff” facing the country in the form of large policy changes that are scheduled to take effect at the end of this year.The CBO warns that policymakers…

In a series of partisan and largely symbolic votes, the Senate last week rejected five budget resolutions introduced by Republicans. Three of the proposals were introduced by Senators Patrick Toomey (R-Pa.), Rand Paul (R-Ky.) and Mike Lee (R-Utah) and would…

Recent news indicates the economy’s overall growth rate has slowed and is falling short of expectations, with slower personal spending and weak job gains. This points toward the need for stimulative fiscal policy to encourage more private consumption spending, according…

The House Budget Committee approved legislation yesterday to block most of the automatic spending cuts scheduled to take effect next year and also passed a reconciliation bill with savings intended to help replace the cuts. Because the Joint Select Committee…

Bipartisan legislation to address waste and duplication in federal programs was introduced last week in the House and Senate. Sponsored by Senators Tom Coburn (R-Okla.) and Mark Udall (D-Colo.) as well as Representatives Jim Cooper (D-Tenn.), James Lankford (R-Okla.), and…