#National Debt

Updated projections from the Congressional Budget Office (CBO) serve as a reminder that the aging of the U.S. population is reshaping government spending -- and that fiscal reforms are needed to prevent harmful economic consequences.“Despite a slowing of health care…

WASHINGTON -- While there has been some recent good news for the federal budget, The Concord Coalition said today that updated projections from the Congressional Budget Office (CBO) should remind policymakers that the aging of the population is dramatically but…

A Federal Reserve economist says her research supports theories that suggest intense political partisanship can lead to higher federal deficits as well as weaker economic growth.Marina Azzimonti, an economist at the Federal Reserve Bank of Philadelphia, searched newspapers between 1891…

Despite a strengthening economy, the administration’s Mid-Session Review budget projections show little change in the overall fiscal outlook.The report, released Friday, anticipates a deficit for the current fiscal year of $583 billion, down $66 billion from the administration’s March projection.…

A Concord Coalition panel discussion recently highlighted the continuing need for fiscal reform, with former lawmakers lamenting the sharp divisions within and between the two political parties.“We have a fiscal challenge which is really a political challenge which really is…

More than 7,000 students, retirees, political leaders and other citizens have played The Concord Coalition’s updated Federal Budget Challenge since we put the latest version online a month ago.The exercise lets players decide for themselves how they would reduce the…

Former U.S. Senator Judd Gregg of New Hampshire and former Pennsylvania Governor Ed Rendell called for bipartisan action to rein in the federal debt at a forum last week in New Hampshire.Gregg, a member of The Concord Coalition’s Board of…

Personal financial worries and the federal government’s growing debt cloud the future of younger Americans, who often seem neglected in Washington.“As more and more baby boomers retire, younger Americans are expected to help sustain entitlement programs and, eventually, help lower…