The Congressional Budget Office (CBO) recently projected that federal deficits under President Obama’s budget plan would total $6.6 trillion in the coming decade, a trillion dollars less than under current law.Under the President’s policies, CBO said, deficits this year and…
In a congressional hearing last week, several budget experts urged lawmakers to address the unsustainable growth in the federal debt through balanced deficit-reduction measures.The experts told the House Financial Services Committee that rising medical costs and the needs of an…
How large is $7.9 trillion? Large enough to fund the federal departments of Defense, Agriculture, Transportation, Education, Commerce, Justice, Homeland Security, Labor and Interior for 10 years.It is also how much the government is projected to borrow in that time.…
WASHINGTON -- The Concord Coalition expressed disappointment today that President Obama’s proposed 2015 budget shifts the administration’s focus away from the credible framework he offered last year for comprehensive, bipartisan fiscal reform.“While there are some positive elements in the President’s…
