Committee for a Responsible Federal Budget
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Blog

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.

May 23, 2013 | Social Security

Live: Ways and Means Holds Hearing on Social Security Bipartisan Benefit Reforms

Tune in as the House Committee on Ways and Means Subcommittee on Social Security will hold a hearing on bipartisan proposals to reform Social...
May 22, 2013

Chairman Bernanke Testifies Before the Joint Economic Committee

This morning, Federal Reserve Chairman Ben Bernanke testified before the Joint Economic Committee regarding the current economic climate. He...
May 22, 2013 | Economics

Boskin on Debt and Growth

In light of the recent controversy over the findings from economists Carmen Reinhart and Ken Rogoff on the relationship between debt and growth,...
May 22, 2013

Line Items: Debt Ceiling Edition

Taking It to the Limit – The statutory debt ceiling is back. The temporary suspension of the debt limit enacted earlier this year was lifted on...
May 21, 2013 | Other Spending

House Democrats Take Another Crack at Sequester Replacement

Although efforts to replace the sequester have been on hold for a while, the House Democrats, led by House Budget Committee ranking member Chris Van...
May 21, 2013 | Budgets & Projections

The Re-Estimated Bipartisan Path Forward

The CBO has now spoken on how the President's budget would affect the fiscal outlook. Debt would fall to 70 percent of GDP by 2023, compared to 73...
May 20, 2013 | Budgets & Projections

CRFB Breaks Down CBO's Estimate of the President's Budget

As a follow up to our initial reaction to CBO's estimates of the President's budget, CRFB has released a full report that breaks down the analysis...
May 17, 2013 | Budgets & Projections

CBO Releases Analysis of President Obama's FY 2014 Budget

Today, the Congressional Budget Office (CBO) released its analysis of President Obama’s FY 2014 budget request. CRFB has released a reaction to...
May 17, 2013

S&P's Credit Analyst: US Not "Credit-Positive"

We've talked before on The Bottom Line about why lawmakers should not wait to deal with our unsustainable debt. Among the most important reasons for...

The Latest on the Affordable Care Act

Although it may be difficult to get an updated comprehensive score of the Affordable Care Act from CBO, CBO has updated its estimate of the coverage...
May 15, 2013

$2.2 Trillion is the New $2.4 Trillion

In February, we wrote the paper "Our Debt Problems Are Far From Solved," laying out the case for putting debt on a clear downward path as a...
May 15, 2013

Line Items: Sequester Gestures Edition

Side-Stepping Sequestration – It was as predictable as the Washington Capitals blowing a playoff series lead. Lawmakers are looking to carve...
May 14, 2013 | Budgets & Projections

CBO Updates Economic and Budget Outlook

Today, the Congressional Budget Office has released an update to its budget outlook from February. With little legislative changes since February,...

CBO Releases Updated Estimate of Farm Bills

Update: This blog has been updated to include numbers from the CBO score of the House farm bill.As we have written previously, the American Taxpayer...
May 13, 2013 | Budget Process

Budget Reforms Come to the Forefront in the House Budget Committee

Last week, the House Budget Committee released a package of budget process reforms consisting of seven different pieces of legislation. Four of these...
May 13, 2013

MY VIEW: Ed Rendell

With previously enacted deficit reduction and the economic recovery helping our short-term fiscal outlook, it may be tempting for lawmakers to put...
May 10, 2013 | Taxes

Going Abroad: Senate Finance's International Tax Options Paper

Conveniently, the same day that House Ways and Means and Senate Finance Committee chairs Rep. Dave Camp (R-MI) and Sen. Max Baucus (D-MT) published a...
May 10, 2013 | Economics

Reinhart and Rogoff Release Errata

Economists Carmen Reinhart and Kenneth Rogoff of Harvard University have issued an erratum to their 2010 paper, “Growth in a Time of Debt....
May 10, 2013 | Social Security

Martin Neil Baily and Glenn Hubbard Make A Case for Chained CPI

Two former Chairman of the Council of Economic Advisors, Martin Neil Baily of the Clinton Administration and Glenn Hubbard of the Bush Administration...
May 9, 2013 | Taxes

Tax Writers Assemble!

With tax reform growing as a topic of discussion in DC, the two leaders of the tax-writing committees in the House and Senate -- Rep. Dave Camp (R-MI...

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