#Federal Budget

Projections released Friday by the Obama administration show that the nation’s finances remain in a deep deficit ditch. This was hardly “news,” says Concord Executive Director Bob Bixby, but it served as a pointed reminder that much hard work needs…

Prime Minister David Cameron’s visit last week to the United States underscored the important relationship between the U.S. and Britain, both politically and economically.Britain’s new coalition government faces tremendous challenges, many of which are similar to the United States’ problems. …

Last week President Obama nominated Jacob “Jack” Lew to be the new head of the Office of Management and Budget (OMB), replacing Peter Orszag, who is stepping down at the end of July. OMB is primarily responsible for developing the…

At a time of considerable uncertainty and risk, the United States faces two distinct problems that require different remedies. The economy remains shaky in the near-term, and fiscal policy remains unsustainable in the long-term. As Concord Executive Director Bob Bixby…

We can’t keep this up. That’s the central message in a new report from the Congressional Budget Office that looks out over the next few decades and explains why the federal government is on an unsustainable course.The CBO report presents…

As Congress returns from its July 4th recess, below are some of the budget stories we have been following since the last edition of the Washington Budget Report (sign up here) was published. (more…)

Congress late last week agreed to extend the so-called “Doc Fix” for five months at a cost of $6 billion. But a permanent fix would cost around $210 billion over 10 years. And the longer we wait for a permanent…

A Washington Post editorial today sums up a bunch of different strands of thinking about the federal budget that Concord has been writing about and talking about a lot recently. (more…)