#Federal Budget

Members of the Republican Study Committee and the Senate Steering Committee have proposed legislation to cut $2.5 trillion in spending over 10 years -- cuts that go beyond those proposed by House Republican leaders or President Obama.Non-security discretionary spending (which…

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…

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…

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…

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…)