National Debt Archives - Page 5 of 52

Press Releases

CBO Outlook Underscores Pre-existing Challenges for the Post-pandemic Economy

Mar 4, 2021

WASHINGTON -- The Concord Coalition said today that new 30-year projections by the Congressional Budget Office (CBO) demonstrate why Congress and the president should ensure that necessary near-term steps to control the COVID-19 virus and support the economy should…

Blogs

Fiscal, Monetary, and Economic Challenges of the Post-Pandemic Economy

Feb 18, 2021

On February 17, experts from the Congressional Budget Office, Federal Reserve Bank of Boston, and the Brookings Institution spoke to nearly 200 people via webinar on the “Fiscal, Monetary, and Economic Challenges of the Post-Pandemic Economy.” The event was…

Press Releases

Post-Pandemic Economy Must Have Strong Fiscal Foundation

Feb 11, 2021

WASHINGTON -- The Concord Coalition said that today’s baseline projections by the Congressional Budget Office (CBO) are a strong reminder that the budget is on an unsustainable path, not because of the massive short-term deficit spending incurred to support the…

Blogs

The Biden COVID Agenda and Reconciliation

Jan 27, 2021

President Biden has proposed an ambitious 100-day agenda, starting with passage of a $1.9 trillion COVID relief and recovery bill. But in an evenly divided Senate, finding the necessary votes to avoid a legislative filibuster will be difficult as many…

Blogs

A Ray of Hope on COVID Relief

Dec 7, 2020

A welcome ray of hope pierced the partisan Washington fog last week when a bipartisan group of lawmakers outlined a new COVID-19 relief plan. Nine Senators - four Republicans, four Democrats, and one independent - joined the House Problem Solvers…

Blogs

Unsustainable Tab

Oct 23, 2020

Last Friday we got the sad news that Coca-Cola would stop making TaB, its venerable diet cola that had been around since 1963. Ironically, that same day, we also got some news about a very different kind of tab. According…

Blogs

Debate the Debt

Oct 13, 2020

On September 30, the federal government ended fiscal year 2020 with a budget deficit of $3.1 trillion. At an estimated 15.2 percent of gross domestic product (GDP), it was the largest deficit since 1945. On October 7, a fly nestled…

Blogs

A Unified Front Against the Shadow of Debt

Oct 1, 2020

For too long now we have watched as the national discourse has taken a divisive turn. Bipartisanship is endangered, “compromise” a dirty word. This has made dealing with key challenges all the more difficult, including our nation’s unsustainable fiscal path. …

Press Releases

CBO Underscores Need for Short-Term Relief Without Long-Term Damage

Sep 21, 2020

The Concord Coalition said today that new 30-year projections by the Congressional Budget Office (CBO) demonstrate why Congress and the president should ensure that necessary near-term steps to support the economy in the face of the COVID-19 pandemic should not…

News Coverage

U.S. debt is hitting historic heights. How much of a problem is that?

Sep 3, 2020

The last time the U.S. federal deficit was this high, as a percentage of the total size of the economy, was 1946. The debt-to-GDP ratio was 119%. There’s news that amid the pandemic the amount of government borrowing this year is…

Blogs

COVID Spending Accelerates Budget Deterioration

Sep 3, 2020

This week, the Congressional Budget Office released its much-anticipated update to the 2020 budget baseline. The previous installment from CBO was published in March 2020, just ahead of the COVID-19 outbreak in the United States, the subsequent economic fallout, and…

Press Releases

Concord Coalition Says Long-term Trend is the Most Troubling Aspect of New CBO Baseline

Sep 2, 2020

The Concord Coalition issued the following statement today by Executive Director Robert L. Bixby regarding updated economic and budget projections from the Congressional Budget Office: Despite eye-popping near-term deficit projections, the more significant and troubling aspect of CBO’s updated projections…

#National Debt

CBO Outlook Underscores Pre-existing Challenges for the Post-pandemic Economy

Fiscal, Monetary, and Economic Challenges of the Post-Pandemic Economy

Post-Pandemic Economy Must Have Strong Fiscal Foundation

The Biden COVID Agenda and Reconciliation

A Ray of Hope on COVID Relief

Unsustainable Tab

Debate the Debt

A Unified Front Against the Shadow of Debt

CBO Underscores Need for Short-Term Relief Without Long-Term Damage

U.S. debt is hitting historic heights. How much of a problem is that?

COVID Spending Accelerates Budget Deterioration

Concord Coalition Says Long-term Trend is the Most Troubling Aspect of New CBO Baseline

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