On May 22nd, the House of Representatives passed a budget reconciliation bill, known as the One Big Beautiful Bill Act (OBBBA). While much of the public focus has centered on tax cuts and reductions to entitlement programs like Medicaid and…
Budget Gimmicks Mask True Cost and Erode Faith in Institutions Now that the House has passed its reconciliation bill - the One Big Beautiful Bill Act (OBBBA) - that increases the Federal debt by around $3 trillion over ten years,…
Moody’s Downgrades United States Credit On Friday, Moody's, one of the three major credit rating agencies, downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest payments "that are significantly…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget (CRFB), guided us through the budget…
Nearly 30 years ago, in my very first week on the job at The Concord Coalition, I stood in front of the National Debt Clock as it ticked past $4.8 trillion. That moment — captured on the front page of…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future Ben Harris, Vice President and Director of Economic Studies at the Brookings Institution, joined host Bob Bixby to discuss his…
Click here to watch the segment now Executive Director Carolyn Bourdeaux joined Soledad O’Brien on Matter of Fact for an engaging discussion on the national debt, fiscal responsibility, current strategies, and potential solutions. Bourdeaux discussed the consequences of rising deficits,…
In response to the Congressional Budget Office (CBO) Long-Term Budget Outlook released March 27, 2025, Carolyn Bourdeaux, former Congresswoman and Executive Director of The Concord Coalition and Concord Action issued the following statement: “Our budget process is in complete disarray.…
Key Points: Analysis from the CBO shows extending key provisions of the TCJA without offsets would increase the national debt from 99% of GDP to as high as 250% in 30 years, depending on interest rates. The Penn Wharton Budget…
With the recent onslaught of crisis-driven news—everything from 40-year high inflation, war in Ukraine, Supreme Court rulings, and mass killings—it is easy to forget some festering problems that lawmakers have ignored for years. These problems have not gone away…
