November 1, 2014

Blogs

Lots To Do, Little Time To Do It In

Syria is not the only challenge Congress faces as it returns to Washington from its August recess. Monday was the first of only nine legislative days that both the Senate and House of Representatives will be in session before the fiscal year ends on Sept. 30. Congress will need to approve a spending plan before then and take action on the debt limit not long after that.

Eight Reasons Why America’s Fiscal Worries Aren’t Over

This year will mark the end of a four-year string of trillion-dollar-plus federal deficits that have troubled the American public and caused turmoil on Capitol Hill.

Despite Difficulties, There's Still Hope for a Grand Bargain

Developments on the budget front last week demonstrated both the difficulty of achieving a grand bargain and why it may not be totally out of reach.  

First, the difficulty.

Political Turmoil Greatest Concern for Ratings Agencies

For those who follow the credit rating agencies’ assessments of the United States, the past several weeks have offered mixed messages. Overall, some improvement has been noted, mostly due to the steadily improving economy and the declining deficit. Concerns remain, however, about the long-term outlook and the ability of elected leaders to raise the nation’s debt ceiling without provoking a crisis.  

Mid-Session Review Amid Little Progress on the Budget

The Obama Administration released its Mid-Session Review (MSR) of the budget on Monday. It would be nice to say that this update arrived just in time to clinch the deal on a fiscal sustainability plan, or even a plan to get through the rest of the year, but sadly that is not the case.

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

Chad Laurie is an intern at The Concord Coalition.

This "Victory" Is a Surrender

Judging by recent media reports, there is a growing belief in Washington that the best way to deal with the deficit is to “declare victory.” 

It won’t work.

The deficit problem is far from being solved and its lengthy shadow will hang over every other issue, including the economy, until a fiscal sustainability plan is in place.

Hidden in Plain View: Aging, Health Care Costs and Interest Drive the Budget

For those inclined to look beyond the sharp drop in the deficit this year, as we should, the budget update released by the Congressional Budget Office (CBO) on May 14 has some striking indications of things to come. 

Health Care Cost Goals: Washington's New Optimism -- Post Three of Three

This is post three of a three-part series on the developing consensus for the next steps on health care reform. Part One is here. Part Two is here.

Health Care Reform Consensus and Increasing "Skin in the Game" -- Post Two of Three

This is post two of a three-part series on the developing consensus for the next steps on health care reform. Part One is here. Part three is here.