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.
Tom Tauke: Neither Joe Biden nor Donald Trump seems willing to address the national debt
Tom Tauke is a director at the Committee for a Responsible Federal Budget and former congressman from Iowa. He recently wrote an opinion piece in the...
Pell Grant Shortfall Remains a Threat
Pell Grant costs will exceed new funding over the next decade, based on the latest Congressional Budget Office (CBO) baseline, depleting nearly all...
Maya MacGuineas: The Galling Mistake That Led The US To Its Current Debt Problem
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
Trump and Biden: Executive Actions
In a recent analysis, we estimated that former President Trump approved $8.4 trillion of new ten-year borrowing ($4.8 trillion excluding the CARES Act...
12-Month Deficit Decreases to $1.6 Trillion in June 2024
The federal budget deficits totaled $1.6 trillion over the past 12 months, including the $73 billion June deficit released today by the Congressional...
Trump and Biden: Debt Growth
We recently estimated that former President Trump and current President Biden approved $8.4 trillion and $4.3 trillion of new ten-year borrowing (or...
Trump and Biden: Tax and Spending Changes
In a recent analysis, we estimated that former President Donald Trump approved $8.4 trillion of new ten-year borrowing during his four-year term in...
Maya MacGuineas Discussing New Debt Analysis on Bloomberg "Surveillance"
Committee for a Responsible Federal Budget president Maya MacGuineas joined Bloomberg Television's "Surveillance" with hosts Jonathan Ferro, Lisa...
Government Spending Just Keeps on Growing
The latest Congressional Budget Office (CBO) baseline shows that federal spending this year will be the largest it’s ever been outside a crisis – far...
CBO Releases June 2024 Baseline Update
The Congressional Budget Office (CBO) today released new ten-year budget and economic projections – an update from its February baseline – again...
Donald Trump’s Proposal to Exempt Tip Income from Federal Taxes
US Budget Watch 2024 is a project of the nonpartisan Committee for a Responsible Federal Budget designed to educate the public on the fiscal impact of...
TCJA Extension Could Add $4 to $5 Trillion to Deficits
Our newly-released Build Your Own Tax Extensions tool is now updated to reflect the most recent estimates by the Congressional Budget Office (CBO) on...