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The Congressional Budget Office released a new report Tuesday that includes some good short-term news on federal deficits but warns that they could add $7.9 trillion to the debt over the next decade.The CBO’s Budget and Economic Outlook is “an…


WASHINGTON -- Although the federal deficit is currently dropping, The Concord Coalition said today that new projections by the Congressional Budget Office (CBO) show that Washington cannot afford to put fiscal reform on the back burner. (more…)


With a sharp drop in the federal deficit last year and voters disgusted with Washington’s budget showdowns, there is a broad consensus among elected officials in both parties to shift the political spotlight away from fiscal reform efforts for a…


Leaders in both parties say they don’t want to see the United States default on any of its financial obligations, but they have made no apparent progress towards raising the federal debt limit to avoid such a debacle.In a letter…


President Obama hailed the two-year budget deal reached by House Budget Committee Chair Paul Ryan (R-Wis.) and Senate Budget Committee Chair Patty Murray (D-Wash.) as a “good first step.” If he meant a good first step toward broader reforms needed…


Congressional negotiators are reportedly moving towards a limited budget agreement that would avoid another government shutdown but generally fails to pursue substantial fiscal reforms.A budget conference committee was given until this Friday to come up with a belated compromise plan…


The federal deficit totaled $91.6 billion in the first month of Fiscal 2014, down from $120 billion a year earlier, according to the Treasury Department. This follows a total deficit for Fiscal 2013 of $680 billion -- the first time…


Although Janet L. Yellen is expected to win confirmation as the next chairman of the Federal Reserve, lawmakers in both parties took advantage of her recent congressional appearance to express various concerns about slow economic growth and the Fed’s efforts…


Although the federal deficit fell sharply over the last year as the economic recovery continued, this good news should not be used as an excuse to ignore the serious fiscal challenges that Washington still needs to confront.The deficit for Fiscal…


With last week’s passage of a short-term Continuing Resolution funding the government and a debt limit increase, elected officials gave themselves a tight set of deadlines to finally put together a budget plan that might consider more structural, long-range fiscal…


The federal debt limit is actually a case of mistaken identity, according to Concord Coalition Executive Director Robert L. Bixby.“While you would think that a ‘debt limit’ would exert control over the nation’s fiscal policies, it does not,” he says…


Worried and frustrated by Washington’s latest fiscal fights, a panel of experts on the federal budget last week faulted elected officials in both parties for irresponsibility, inflexibility and, in some cases, lack of common sense.The situation led former senator Sam…

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