#National Debt

WASHINGTON -- The Concord Coalition expressed disappointment today in President Trump’s first budget proposal, saying it relies on improbable assertions of higher economic growth and unrealistic assumptions about future spending cuts to achieve its goal of balancing the budget in…

WASHINGTON -- Long-term projections released today by the Congressional Budget Office (CBO) provide a timely warning for President Trump and Congress as they begin focusing on tax and spending plans for the coming fiscal year, according to The Concord Coalition. “The government…

Today the federal debt limit will be reset at a level equal to the outstanding federal debt (roughly $19.8 trillion). The debt limit, which caps the government’s total borrowing authority, has been suspended since November of 2015. Because the federal…

President Trump’s Saturday morning tweet on the national debt left many budget watchers scratching their heads about its dubious factoid and irrelevant comparison. Here’s what Trump said: “The media has not reported that the National Debt in my first month…

WASHINGTON -- The Congressional Budget Office (CBO) today released new projections confirming that federal deficits and the accumulated debt remain on an unsustainable path -- a problem that The Concord Coalition urges the new administration and Congress to address as quickly as…

With a new administration coming into office, a report on the nation’s fiscal health provides a timely and emphatic reminder of the need for the new president and Congress to pursue sweeping long-term changes in the federal budget. Released this week by…

As of Friday, September 8, the total debt of the United States government topped $20 trillion. That eye-catching number should prompt all of us to reflect on what the growing debt means for future generations (a lot) and whether our elected…

Budget experts urged the incoming Trump administration and congressional leaders to address the country’s long-term fiscal challenges at two events in Washington last week. (more…)