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.
Appropriations Watch: FY 2023
Congress began scheduling markups for individual appropriations bills for Fiscal Year (FY) 2023 in June. In March, the Biden Administration released...
Senate Retirement Bill Would Cost $84 Billion Without Gimmicks
The Senate Finance Committee recently advanced the Enhancing American Retirement Now (EARN) Act, a bill designed to encourage private retirement...
Representatives Lee and Pocan Introduce Defense Spending Cuts Legislation
Earlier this week, Defense Spending Reduction Caucus Co-Chairs Congresswoman Barbara Lee (D-CA) and Congressman Mark Pocan (D-WI) introduced the...
Reaching Fiscal Goals Under the Latest Baseline
The Congressional Budget Office’s (CBO) latest baseline projects that federal debt held by the public will rise to a record 110 percent of Gross...
Ten Options to Secure the Medicare Trust Fund
Note: The first paragraph and the table have been updated from the original version to reflect the 2022 Medicare Trustees' Report and the May 2022 CBO...
CBO Baseline Shows Troubling Long-Term Outlook
The Congressional Budget Office (CBO) recently published its latest Budget and Economic Outlook covering fiscal years (FY) 2022 through 2032. In the...
VA Bill Will Cost Hundreds of Billions of Dollars
The Senate is expected to vote on the Honoring our PACT Act this week, which would add at least $277 billion to deficits through 2031 and would...
Recap: Maya MacGuineas Gives Senate Testimony on Saving Social Security
On June 9, the Senate Budget Committee held a hearing on "Saving Social Security: Expanding Benefits and Demanding the Wealthy Pay Their Fair Share or...
What Would Higher Interest Rates Mean for the Debt?
Interest payments on the national debt are projected to be the fastest-growing part of the federal budget. Under the Congressional Budget Office's...
92 Percent of Projected Spending Growth is from Health, Retirement, and Interest
According to the Congressional Budget Office's (CBO) latest baseline, budget deficits will rise dramatically over the next decade, from $1.0 trillion...
Event Recap: Fiscal Solutions to Climate Change
On May 17, the Committee for a Responsible Federal Budget hosted an event on the "Fiscal Solutions to Climate Change." The virtual event featured a...
Watch Live: Committee President Maya MacGuineas Testifies on Saving Social Security
On June 9 at 11 am EDT, Committee for a Responsible Federal Budget president Maya MacGuineas will testify before the Senate Budget Committee on saving...