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Congressional Budget Office Director Douglas Elmendorf and Federal Reserve Chairman Ben Bernanke both have reminded lawmakers of the challenges ahead if policies are not enacted to place our nation on a fiscally sustainable path.In testimony before the House and Senate…


With the new session of Congress getting under way, three members of a bipartisan deficit-reduction commission told Kansas City business leaders and others last week that a wide range of fiscal reforms deserves to be high on the legislative agenda.G.…


WASHINGTON -- The Concord Coalition said today that new projections by the Congressional Budget Office (CBO) should spur candidates for federal office this year to provide voters with realistic proposals to deal with the country’s difficult fiscal challenges. (more…)


December 23, 2011 was supposed to be a day of high drama in Washington as Congress voted on a deficit reduction plan produced by the congressional super committee. Things didn’t work out that way because the super committee never agreed…


President Obama joined Defense Secretary Leon Panetta and Joint Chiefs of Staff Chairman Gen. Martin Dempsey last Thursday to outline the administration’s vision for a leaner, more affordable military. The plan shifts from the capacity to fight two large ground…


Last week the House Budget Committee approved the Expedited Legislative Line-Item Veto and Rescissions Act of 2011. Sponsored by Chairman Paul Ryan (R-Wis.) and Ranking Member Chris Van Hollen (D-Md.), the legislation creates an expedited process for Congress to act…


This week the appropriations process for Fiscal Year 2012 is expected to be completed when President Obama signs a $915 billion omnibus appropriations bill into law. Since the fiscal year began Oct. 1, several federal agencies had been funded through…


If Congress were to simply follow the budget path laid out in current law, the federal government might escape some of its widely anticipated fiscal problems over the next few years. But that is a big “if,” as became clear…


Last December a bipartisan majority of President Obama’s National Commission on Fiscal Responsibility and Reform surprised skeptics with a comprehensive plan that called for shared sacrifices to reduce projected deficits over the coming decade by $4 trillion. Unfortunately, elected officials have…


Fitch Ratings on Monday affirmed the U.S. government’s AAA rating but lowered its long-term rating outlook from “stable” to “negative” and warned that there is “a slightly greater than 50 percent chance of a downgrade over a two-year horizon.” The U.S.…


President Obama signed the first regular appropriations bill for Fiscal Year 2012 into law last Friday. The legislation was referred to as a “minibus” and combined three of the twelve regular appropriations bills: Agriculture, Commerce/ Justice/ Science, and Transportation/ Housing…


While there are many places in the federal budget where taxpayer dollars could be saved, simply “cutting waste” is not a panacea. Harry Zeeve, national field director for The Concord Coalition, emphasizes that point in a new blog post on…

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