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.
The 2024 Debt Thermometer
We are releasing the Committee for a Responsible Federal Budget’s new 2024 Debt Thermometer, along with the Debt Thermometers from 2017 through 2022...
Where Do the Candidates Stand on Social Security?
In less than ten years, Social Security’s retirement trust fund will be insolvent. Under the law, this will trigger an immediate 23 percent cut in...
How Much Would the Wyden-Smith Tax Deal Cost?
Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) recently put forward a bipartisan plan...
Update: Talking Debt and Deficits in the GOP Debates
In the first five Presidential GOP primary debates, the current active GOP candidates have mentioned the deficit or debt a combined 31 times, with...
The Deficit Hit $1.8 Trillion in Calendar Year 2023
The federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent...
How Much Did President Trump Add to the Debt?
Note: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and...
Maya MacGuineas on Bloomberg TV's "Wall Street Week"
Committee president Maya MacGuineas recently joined "Wall Street Week" with David Westin to discuss President Joe Biden and Donald Trump's policy...
OMB & CBO Release Memos on FY 2024 Discretionary Spending Limits
The Office of Management and Budget (OMB) recently released a Frequently Asked Questions document and the Congressional Budget Office (CBO) published...
GAO Recommends Actions to Reduce Tax Gap
The Government Accountability Office (GAO) recently released revised recommendations for the Treasury Department and the Internal Revenue Service (IRS...
Top 10 Fiscal Charts of 2023
Fiscal policy was once again at the forefront of congressional debates in 2023, giving us many opportunities to write about and illustrate the...
Potential Tax Deal Could Cost $830 Billion
UPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . As Congress nears important...
Talking Debt and Deficits in the GOP Debates
In the first four Presidential primary debates, the GOP candidates have mentioned the deficit or debt a combined 35 times, with former United Nations...