September 2, 2014

claurie's blog

Responsibly Financed Extension of Long-Term Unemployment Benefits Can Boost Economy

Extending emergency unemployment compensation for another year would add 200,000 jobs but carries a price tag of $25 billion, according to an analysis released recently by the Congressional Budget Office (CBO).

Senator King Serves Up a ‘Grande’ Plan on the Budget

Sen. Angus King (I-Maine), a member of the budget conference committee, on Tuesday released a proposal that replaces roughly half of the sequestration scheduled through 2021 with savings from mandatory spending and revenue from ending corporate tax expenditures.

The Right Approach: 'Challenging Every Assumption' on Defense Budget Priorities

In recent interviews and speeches, Defense Secretary Chuck Hagel says the military is “challenging every past assumption, every past formula” for allocating budget resources as he tries to reorganize the military for 21st century challenges in the face of a rapidly tightening budget.

The Right Budget Deal Could Help Curb Government’s Rising Interest Costs

Lawmakers struggling with the Fiscal 2014 budget will face an even tougher challenge funding the government in future years as interest payments rise to record levels, squeezing other parts of the budget and making it more difficult to quell rising deficits.

Although slow economic growth and Federal Reserve monetary policies have kept interest rates at record lows in recent years, the Congressional Budget Office (CBO) expects rates to rise steadily in the coming years, making interest payments the fastest growing part of the federal budget.

As Interest Rates Begin to Normalize, How High Will Interest Payments Climb?

Chad Laurie is an intern at The Concord Coalition.