#Federal Budget

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Proposals from President Obama’s fiscal commission and other bipartisan panels that issued reports last year are drawing renewed attention as the new Congress gets to work.Rep. Kevin Brady (R-Texas), for example, has introduced a bill that would cut federal spending…


An OMB report concludes that exemptions in the PAYGO law have been used for legislation adding hundreds of billions of dollars to the deficit. PAYGO generally requires legislation affecting direct spending or revenues to be offset, though last year's law…


With the ink barely dry on a $858 billion tax cut and spending bill, Concord Coalition Executive Director Robert L. Bixby says, Washington has been hit with an official reminder that steps to rein in the nation’s debt cannot be…


The Congressional Budget Office (CBO) now projects that the cost of the Troubled Asset Relief Program (TARP) will be significantly lower than previous estimates. Congress passed TARP in October 2008 to permit the Treasury Department to purchase or insure "troubled…


By now we've seen a number of proposals for fiscal sustainability from groups with very different perspectives. (more…)


WASHINGTON – The Concord Coalition today praised the plan released by Erskine Bowles and Alan Simpson, co-chairs of the President’s National Commission on Fiscal Responsibility and Reform, and called on other members of the panel to give it their full…


As the country awaits the final recommendations of the President's fiscal commission, it is worth noting that several other substantive deficit-reduction plans have been released in recent months.The plans offer a wide range of revenue, spending and budget-process options developed…


My least favorite argument in deficit reduction debates is that a particular option can’t be chosen because it is too unpopular. If that criterion is strictly applied, we might as well fold our tents and wait for the inevitable fiscal crisis…


The Senate has finally approved President Obama's nomination of Jack Lew to head the Office of Management and Budget. Sen. Mary Landrieu had held up the nomination since September because she objected to administration policies on oil and gas drilling.Having…


WASHINGTON -- The Concord Coalition today gave high marks to a budget plan released by the Bipartisan Policy Center’s Debt Reduction Task Force and encouraged elected officials and the American public to carefully consider its proposals. (more…)


The problem with campaign rhetoric is that you’re stuck with it if you win. The danger is that people might just believe you can really do all the wondrous things you promise and if you don’t deliver, they get angry.…


WASHINGTON – The Concord Coalition said today that the deficit reduction framework released by Erskine Bowles and Alan Simpson, bipartisan co-chairs of the President’s National Commission on Fiscal Responsibility and Reform, is a very promising start to the difficult decision-making…

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