#Federal Budget

The Concord Coalition today gave mixed reviews to President Obama’s proposed budget for the 2013 Fiscal Year, praising its recommendations to broaden the tax base and achieve incremental Medicare savings but lamenting the lack of a greater commitment to broader…

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…

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…

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…

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.…