Committee for a Responsible Federal Budget
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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.

Nov 26, 2013

Line Items: Thanksgiving Edition

Giving Thanks...and Little Else – As we prepare to spend time with family and celebrate Thanksgiving, Congress gave itself a head start on the...

Policymakers Must Not Double-Count Retirement Savings

As budget conference committee chairs Patty Murray and Paul Ryan appear to be moving closer to a partial sequester-replacement deal, reports suggest...
Nov 25, 2013

MY VIEW: Alice Rivlin and Pete Domenici

With Congress is in recess, it's likely we won't see a deal this week, but the December 13th deadline for the budget conference committee is fast...
Nov 25, 2013

Rethinking Tax Incentives for Education

Efforts to reform the tax code are picking up steam, with several tax plans introduced in the last month. In the House, Ways & Means Chairman...
Nov 22, 2013 | Budgets & Projections

Understanding the Sequester

“The sequester” is an across-the-board spending cut designed in 2011 to force the Joint Select Committee on Deficit Reduction (“...
Nov 22, 2013 | Taxes

Baucus Releases Cost Recovery Draft

This week, Senate Finance Chairman Max Baucus (D-MT) has been moving forward with tax reform, releasing three discussion drafts. On Tuesday, he...
Nov 22, 2013

Treasury Set to Exit GM By Year's End

The New York Times is reporting that the Treasury Department will sell its remaining shares in General Motors, bringing to an end its five-year...
Nov 22, 2013

CBO Finds Defense Plan's Cost Will Likely Exceed Defense Budget

Every year, CBO analyzes the Department of Defense's Future Years Defense Program (FYDP), most recently done last March. As has been the case over...
Nov 21, 2013

Looking Beyond the Ten-Year Window

Our paper released yesterday detailed how our long term debt problems are far from solved, making clear the unsustainability of federal debt over the...

CBO Predicts the "X Date"

Given the nature of debt ceiling politics lately, estimating when the federal government will start defaulting on obligations has become a common,...