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.
Interest Rates Hit 16-Year Record
Interest rates are on the rise, with daily Treasury yields up in nearly every maturity since the beginning of August. This piece takes a closer look...
CBO Outlines Negative Implications of High & Rising National Debt
In its June 2023 Long-Term Budget Outlook , the Congressional Budget Office (CBO) dedicated an entire section to discussing the risks and threats of...
Senate Budget Committee Holds Hearing on Raising Revenue to Save Social Security
On July 12, the Senate Budget Committee held a hearing titled " Protecting Social Security for All: Making the Wealthy Pay Their Fair Share " to...
Donald Trump's Proposal to Use Impoundment Authority
In a video published to his campaign website on June 20, 2023, former President Donald Trump declared he would use “impoundment” authority to reduce...
White House Calls for $40 Billion Supplemental
The White House recently proposed a supplemental appropriations package to boost Fiscal Year (FY) 2024 ordinary appropriations by $40 billion above...
Tax Cut Extensions Cost Over $3.3 Trillion
Some parts of the 2017 Tax Cuts and Jobs Act (TCJA) have recently expired or changed, and large portions of the TCJA will expire by the end of...
Retirees Face a $17,400 Cut if Social Security Isn't Saved
As the 2024 presidential campaign ramps up, candidates are facing pressure to pledge not to touch Social Security. While this pledge is framed as...
The Deficit Was $2.3 Trillion Over Past Year
The federal budget deficit totaled $2.3 trillion over the past 12 months, up 65 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...
Rising Debt Could Reduce Income Growth by One-Third
A high and rising national debt poses a series of risks and threats , including slower income and wage growth. A new report from the Congressional...
The World Economic Outlook Projects Stronger Growth and Still High Inflation
The International Monetary Fund (IMF) released its July 2023 World Economic Outlook , projecting global economic growth will fall from 3.5 percent in...
Mike Pence's Plan to End Inflation
Last week, former Vice President and current GOP Presidential candidate Mike Pence released a multi-part plan meant to combat inflation by cutting...
Build Your Own Child Tax Credit – A Web-Based Version
The Child Tax Credit (CTC) has become a topic of significant debate among policymakers as they wrestle with determining its appropriate size...