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Blog | March 2018

Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.
Concept_Wallet
Mar 29, 2018 | Budgets & Projections

Omnibus Spends $110 Billion Above New Budget Caps

Last week's omnibus spending bill enacted a 13 percent increase in base appropriations, spending virtually all of the additional $143 billion allowed...
Mar 29, 2018 | Budget Process

House Budget Committee Concludes CBO Oversight Series

The House Budget Committee held its final hearing in its series on oversight of the Congressional Budget Office (CBO) on March 14. Committee for a...
William Hoagland
Mar 26, 2018 | Budget Process

William Hoagland: Congress Faces Challenging Times for American Fiscal Responsibility

G. William Hoagland is Senior Vice President at the Bipartisan Policy Center and member of the Committee for a Responsible Federal Budget. He...
Concept_DC_Capitol Building
Mar 23, 2018 | Other Spending

Appropriations Watch: FY 2018

Here is a link to the Appropriations Watch for FY 2019. Last updated 3/23/2018. Congress has completed action on omnibus...
Rudolph Penner
Mar 22, 2018 | Budget Process

Rudolph Penner: Instead Of Seeking Budget Process Reforms, Congress Should Cut Spending And Raise Taxes

Dr. Rudolph Penner was the director of the Congressional Budget Office from 1983 to 1987, and he is an Institute Fellow at the Urban ...
Concept_DC_Capitol Building_Money

Where Does the Higher Spending in the Omnibus Go?

Policymakers recently announced an omnibus appropriations bill to fund the government for the remaining six months of Fiscal Year 2018. The bill...
Concept_calculator
Mar 21, 2018 | Budgets & Projections

Rising Rates Could Further Balloon Interest Spending

Note (5/15/2018): This blog was published before CBO's April 2018 baseline, which provides official estimates of the amount of interest that...
Maya MacGuineas
Mar 16, 2018 | Budgets & Projections

Maya MacGuineas: America's Debt Crisis is Coming – Interest Payments Will Hit a Trillion Dollars a Year

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
Concept_DC_Capitol Building
Mar 15, 2018 | Budget Process

Budget Process Reform Options

With the appointment of the Joint Select Committee on Budget and Appropriations Process Reform, focus is rightfully on how to fix our...
Concept_Debt_pennies
Mar 15, 2018 | Budgets & Projections

Interest Spending Is On Course to Quadruple

The fastest growing part of the federal budget is interest on the debt – payments made to service previous borrowing. While interest had already...

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