Concord Coalition Statement on President Biden's Fiscal Year 2024 Federal Budget Proposal
The Concord Coalition said today that President Biden’s goal of reducing future federal budget deficits by $2.8 trillion over 10 years is a step in the right direction, but falls far short of what is needed to prevent the nation’s debt from continuing its alarming rate of increase. Moreover, the budget is based on a set of optimistic economic assumptions and unlikely policy outcomes that if not achieved would result in far less deficit reduction than projected by the administration.
