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.
12-Month Rolling Deficit is $1.9 Trillion in June 2025
The federal government borrowed $1.9 trillion over the past year – July 2024 to June 2025 – based on estimates from the Congressional Budget Office...
Maya MacGuineas on CNBC's "America's Deficit Reckoning"
Committee for a Responsible Federal Budget President Maya MacGuineas was recently interviewed for a new CNBC special report, "America's Deficit...
Maya MacGuineas: Congress, stop ignoring Social Security
Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for Dallas Morning News, an...
Comparing the Senate and House OBBBAs
The Senate has passed its version of the Fiscal Year (FY) 2025 reconciliation bill – the One Big Beautiful Bill Act (OBBBA). The table below is a...
Senate OBBBA Includes Major "RECA" Entitlement Expansion
In addition to adding an extra $1.1 trillion to the national debt above the House bill to a total of over $4.1 trillion, the Senate-passed One Big...
15 Major Problems with the Senate Reconciliation Bill
The House is set to consider the Senate-passed reconciliation bill. Below we outline 15 major problems with the Senate-passed bill. 1. Adds $4.1...
The Senate OBBBA in Charts
Update (7/2/2025): The analysis below has been updated based CBO's initial estimate of the Senate-passed bill and JCT's estimate of the Senate-passed...
Marc Goldwein on CBS Evening News Plus
The Committee for a Responsible Federal Budget's Senior Vice President and Senior Policy Director, Marc Goldwein, recently appeared on CBS Evening...
Senate OBBBA Violates House Budget Instructions
The latest Senate version of the One Big Beautiful Bill Act (OBBBA) would likely add roughly $4 trillion to the national debt, including interest. 1...
Senate SALT Giveaway is Far Bigger Than the House's
Although initially excluding any increase in the state and local tax (SALT) deduction cap from its bill, the latest Senate bill proposes even more...
CBO Score Shows Senate OBBBA Adds Over $3.9 Trillion to Debt
The Congressional Budget Office (CBO) just published their “current policy” score of the Senate reconciliation bill, showing the bill would add about...
Senate Reconciliation Bill Could Add Over $4 Trillion to Debt
As it currently stands, the Senate reconciliation bill is likely to add $3.5 to $4.2 trillion to the debt through Fiscal Year (FY) 2034, based on our...