#National Debt

President Obama has repeatedly expressed interest in reaching a broad, bipartisan agreement that could put the federal budget on a more responsible and sustainable path. With tonight’s State of the Union, he has the opportunity to lay solid groundwork for…

President Obama signed legislation this week to suspend the federal debt limit until mid-May as Democrats and Republicans continued to debate a range of budget issues. The Senate approved the debt limit legislation on a 64-34 vote last Thursday that…

Speakers at a forum last week in Nashville explained why the rising federal debt jeopardizes the country’s future and urged Tennesseans to support bipartisan efforts to deal with the problem.“In the past we ran big deficits in response to specific…

WASHINGTON -- With Congress facing important budgetary deadlines in the next few weeks, The Concord Coalition said today that the new Budget and Economic Outlook by the Congressional Budget Office (CBO) underscores that much more needs to be done to…

Nashville, Tenn. – Former Tennessee Gov. Phil Bredesen, Fix the Debt State Co-Chair Tim Pagliara and Concord Coalition Executive Director Robert L. Bixby will discuss solutions to the rapidly growing federal debt at a breakfast program tomorrow morning at Lipscomb University’s…

House Republicans have proposed a plan to remove the threat of a government default in February and eventually increase the debt limit by enough to cover federal borrowing through May 19. The plan, which the House is expected to vote…

As policymakers look towards the upcoming budget debates over the debt ceiling and “automatic” spending cuts (the sequester), those concerned with fiscal responsibility should be more focused on policy reforms than achievement of a specific deficit-reduction target.The idea that we…

In his press conference this week, President Obama suggested that policymakers only need to pass another $1.5 trillion worth of deficit reduction, on top of the $2.5 trillion already enacted, to stabilize the growth of the nation’s debt and, in…