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.
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Recent Metal Tariff Changes Will Lose $90 Billion, Instead of Raising Revenue
On April 2 the Administration issued a proclamation adjusting tariffs on imports of aluminum, steel, and copper. Contrary to the initially reported...
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House Budget Committee Examines 3% Deficit-to-GDP Target
On March 26, 2026, the House Budget Committee held a hearing titled “The Best Metric to Reverse the Curse: A 3% Deficit-to-GDP Path to Fiscal...
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Inflation Spikes to Highest in Nearly Two Years
The Consumer Price Index (CPI) increased a massive 0.9% in March, driven largely by rising energy prices, and is up 3.3% over the past year – putting...
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Recap: Maya MacGuineas Testifies Before Senate Finance Subcommittee
On March 11, the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth held a hearing titled “The Fiscal Outlook: 2027-2036.” The...
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Event Recap: Boomerang: Wealth, Retirement, and the Generational Divide
On April 8, the Committee for a Responsible Federal Budget hosted Boomerang: Wealth, Retirement, and the Generational Divide. This Trust Fund...
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CMS Abandons Efforts to Rein in Medicare Costs
After proposing meaningful reforms to reduce Medicare Advantage (MA) overpayments in January, the Centers for Medicare & Medicaid Services (CMS)...
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12-Month Rolling Deficit is $1.6 Trillion in March 2026
The federal government borrowed $1.6 trillion over the past 12 months based on new estimates from the Congressional Budget Office (CBO). CBO estimates...
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Senators Introduce 3% Fiscal Target Resolution
Senators Kevin Cramer (R-ND) and Angus King (I-ME), along with Senators Dave McCormick (R-PA) and Gary Peters (D-MI), recently introduced a resolution...
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An Overview of the President's FY 2027 Budget
The Trump Administration released its Fiscal Year (FY) 2027 budget request today. While the President’s budget typically presents a comprehensive plan...
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Potential Steel and Aluminum Tariff Changes Would Raise $70 Billion
Note: (04/02/2026) The Administration's proclamation issued today adjusting tariffs on the imports of steel, aluminum, and copper differs from...
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Weak Auctions Underscore Risks of our Growing Debt Burden
Auctions for the 2-year, 5-year, and 7-year Treasury notes went poorly last week and Treasury yields spiked, raising concerns about investor demand...
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A $1.5 Trillion Defense Budget Could Mean Nearly $7 Trillion in Higher Debt
President Trump is expected to release his Fiscal Year (FY) 2027 budget later this week, which may include a proposal to increase the defense budget...