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 Tax Bill Did Not Cause Revenue to Rise
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is technically...
Resources and Recommendations for Joint Select Committee on Budget and Appropriations Process Reform
In February, the Bipartisan Budget Act of 2018 established the Joint Select Committee on Budget and Appropriations Process Reform (JSC) tasked with...
A 5 Percent Discretionary Cut Still Provides Ample Spending
President Trump has asked each cabinet secretary to propose a plan to cut 5 percent of their agency's budget for next year. Assuming this cut is...
3rd Quarter Growth of 3.5 Percent is Good News, But Doesn't Reflect a Sustained Boost
The Bureau of Economic Analysis (BEA) today announced its initial estimate that the economy grew at a 3.5 percent annualized rate in the third quarter...
Marc Goldwein and Mark Litow: The fate of American health-care reform is on the ballot this November
Marc Goldwein is the senior vice president and senior policy director for the Committee for a Responsible Federal Budget, and Mark Litow is the...
WATCH: Budgeting for the Next Generation
The Committee for a Responsible Federal Budget will host a lunch and panel discussion on Budgeting for the Next Generation on Capitol Hill beginning...
Maya MacGuineas: Massive Deficit Was Totally Predictable & Self-Imposed
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...
Moody's: Widening Deficit Foreshadows Decline in U.S. Fiscal Strength
With last year's deficit growing to $779 billion, Moody's Investors Service yesterday warned that the country's fiscal position is on a "gradual...
Are Defense and Disasters Causing the Deficit Increase?
When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of those...
Riedl Proposes Debt Reduction Plan
Brian Riedl, a senior fellow at the Manhattan Institute, recently released a budget plan to stabilize debt over the long term. The plan proposes...
OMB and Congress Propose New Way to Budget for Federal Buildings
UPDATE: Senator Chris Van Hollen (D-MD) introduced a version of this policy on May 27, 2021. Read about his legislation here. Both lawmakers and...
Treasury: 2018 Deficit was $779 Billion
The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17...