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The leaders of two prominent deficit-reduction panels worry that elected officials this year will lack “the courage to forge a comprehensive, multi-year debt reduction plan.” In a guest column last week in Politico, the panel leaders warned against delay and…


Prospects for fiscal reform efforts by the “Gang of Six” senators were left uncertain after one of the Republicans, Sen. Tom Coburn of Oklahoma, walked away from the talks last week, saying he was on “sabbatical.”On Sunday Sen. Majority Whip…


Senate Budget Committee Chairman Kent Conrad (D-N.D.) announced last week that the committee would not consider the FY 2012 budget resolution until the bipartisan negotiations led by Vice President Joe Biden are complete. Conrad said “The results of those negotiations…


Negotiations to raise the federal debt limit are resuming today between the administration and lawmakers as partisan bickering over the budget continues and newly released projections have underscored worries about Medicare's finances.The government hit its debt ceiling a week ago…


With the 2011 appropriations bills finally complete, the House turned its attention to the 2012 bills last week. Appropriations Committee Chairman Hal Rogers (R-Ky.) set the goal of completing the committee's work by the August recess to permit the full…


The federal government hit its debt ceiling Monday, forcing the administration to turn to what Treasury Secretary Tim Geithner calls “extraordinary measures” to pay the government’s bills and avoid default.Although Geithner has estimated the government can get by without a…


Anyone wondering why Social Security and Medicare should be “on the table” in budget negotiations need look no further than the 2011 Trustees’ Report issued on May 13.As is usually the case, media accounts of the trustees’ report tended to…


WASHINGTON -- The Concord Coalition said that today’s release of the annual Social Security and Medicare Trustees Report is a timely reminder of how important cost-saving reform of these two vital programs is to the nation’s fiscal outlook. Concord urged…


Last week Senate Finance Committee Chairman Max Baucus (D-Mt.) said "A debt reduction trigger could be an important part of passing legislation to reduce our debt and move our economy in a positive direction toward growth and job creation." He…


Because sweeping government reforms will be politically difficult, the active involvement of the American public is essential. We need a national dialogue about the country’s huge fiscal challenges, the possible options, and the trade-offs among those options.In a guest column…


With an eye on the need to raise the federal debt limit soon, administration officials and six congressional representatives began deficit-reduction negotiations last week. Some of those involved in the talks, chaired by Vice President Joe Biden, have offered hopeful…


The administration has notified members of Congress that because they apparently will not raise the federal debt limit by May 16 – when the limit is expected to be reached -- the Treasury Department will begin implementing “extraordinary measures” to…

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