WASHINGTON - The Concord Coalition today welcomed President Biden’s goal of reducing federal budget deficits but cautioned that the path of deficit reduction reflected in the administration’s newly released Fiscal Year 2023 Budget is based on optimistic economic assumptions and unlikely…
National leaders play a dangerous game of policy “chicken” every time they defer corrective action on known challenges, hoping to address them later when it’s more politically expedient. But this “kick the can” strategy risks a slow moving cumulative…
If you blinked this week, you probably missed that the total federal debt reached $30 trillion—an historic high. Like aging Americans who bemoan birthdays ending in zero (30, 40, 50, …), this occasion marked the crossing of an important, albeit…
In a last minute dash to avoid a funding lapse that could shutter federal offices, on Thursday night Congress sent to President Biden a continuing resolution (CR) that would temporarily fund the government at FY 2021 levels for 11…
