#Federal Budget

Senate Budget Committee Chairman Kent Conrad has proposed a sweeping fiscal reform plan based on the recommendations of a bipartisan majority of the President’s fiscal commission. The Concord Coalition applauds Conrad’s proposal, as it did a recent bipartisan plan in…

Budgets proposed by President Obama and House Budget Chairman Paul Ryan have received considerable attention in Washington this year. But both have serious shortcomings and lack bipartisan support. (more…)

The Treasury Department last week reported that the federal deficit for the first half of Fiscal 2012 totaled nearly $779 billion, roughly $50 billion less than a year ago.Between Oct. 1 and the end of March, the government took in…

As a recent Chicago Tribune editorial noted, most House members chose last month to “put partisanship above progress on the nation’s debt” by supporting budget plans favored only by one party or the other. But 38 lawmakers voted for bipartisan…

On Friday President Obama signed legislation to extend surface transportation programs for an additional 90 days. Earlier last week, the House passed the extension on a 266-158 vote and the Senate passed the bill by voice vote. The previous authorization…

Although spending cuts in last year’s Budget Control Act (BCA) lead to an improved fiscal outlook, the Government Accountability Office (GAO) reminded policymakers this week that the larger long-term budget challenges remain.The law targets discretionary spending and, under two different…

A rare display of bipartisan fiscal cooperation broke out on Capitol Hill last week when 38 House members (22 Democrats and 16 Republicans) braved an onslaught of interest group pressure to vote in favor of a budget resolution designed to…

WASHINGTON -- The Concord Coalition today praised a bipartisan deficit-reduction plan in the House that is based on principles outlined by the Simpson-Bowles commission. (more…)