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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IMF Report Underscores Need for Long-Term Deficit Reduction in U.S.
The International Monetary Fund (IMF) made news earlier this week when it issued a report saying that most advanced economies will not need future...
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Mike Murphy and Steve Richardson: Our bitter polarization won’t end with the election
Mike Murphy is t he director of the Committee for a Responsible Federal Budget's FixUS initiative. He recently wrote an opinion piece with FixUS...
Update: COVID-Related State & Local Aid Will Total $280 Billion
Our update to COVID Money Tracker this week incorporated new Medicaid estimates from the Congressional Budget Office (CBO). These new Medicaid...
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Congressional Caucus Rules Can Promote Better Budgeting
The rules establishing each party’s self-governance within Congress can affect federal budget practices. Changing them could improve the climate for...
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Maya MacGuineas Joins CNBC to Discuss COVID Relief and Presidential Campaign Plans
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNBC. She joined the show to discuss the negotiations over...
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Maya MacGuineas: The debt is huge because Trump kept his promises
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...
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CBO Releases 2020 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its 2020 Long-Term Budget Outlook, showing the federal budget is on an unsustainable long-term...
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Maya MacGuineas Joins ABC News Live to Discuss Payroll Tax Deferral
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on ABC News Live. She joined the show to discuss the payroll...
COVID Relief Includes $360 Billion of State and Local Aid
This analysis has been updated based on new information. As of October 15, we estimate roughly $280 billion of allowed federal aid to state and local...
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CBO Projects Major Trust Fund Exhaustions on the Horizon
A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources and managed through...
$2.2 of $4 Trillion in Fiscal Relief is Out the Door
We update our interactive COVID Money Tracker tool every week to reflect new COVID relief spending and estimates. This week's updates are particularly...
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CBO Projects Debt Will Reach New Record
The Congressional Budget Office (CBO) just released its updated Budget Outlook, showing that the COVID-19 public health and economic crisis has...