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.
Committee Co-Chair Timothy Penny on KROC Minnesota Radio
Committee for a Responsible Federal Budget Co-Chair Timothy Penny, former representative for Minnesota’s first Congressional district and president...
Student Loan IDR Changes Are Highly Problematic, Report Shows
While much attention has been paid to President Biden's costly and inflationary plan to cancel $10,000 to $20,000 of student debt, his proposed...
Year-End 'Extenders' Could Worsen Deficits and Inflation
With inflation surging and debt approaching record levels, policymakers might make the fiscal situation even worse in an end-of-the-year fiscal...
New MA Bill Would Increase Medicare Costs
Last week, the House of Representatives passed the Improving Seniors' Timely Access to Care Act (HR 3173). The legislation would place requirements on...
Event Recap: How the Public Views the Options to Reform Social Security
On September 15, the Committee for a Responsible Federal Budget hosted "How the Public Views the Options to Reform Social Security." The event...
Congress Should not Increase Health Costs in CR
Congress is currently discussing a number of policy changes to increase Medicare and other health payments. In total, these changes could cost up to...
CBO Releases its Estimate of the President's FY 2023 Budget
Yesterday, the Congressional Budget Office (CBO) released its estimate of the President's Fiscal Year (FY) 2023 budget. CBO finds that debt and...
The Biden Administration Has Approved $4.8 Trillion of New Borrowing
Prior to the pandemic, the U.S. national debt was on an unsustainable path. In 2020, policymakers appropriately enacted $3.4 trillion of additional...
Maya MacGuineas: The White House is wrong, Biden is no steward of fiscal responsibility
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...
Student Debt Changes Wipe Out IRA Savings
The student debt cancellation and relief measures recently announced by the Biden Administration will cost roughly $500 billion over ten years under...
House Group Requests President Biden Fully Repeal Rebate Rule
A group of House Members, led by Representatives Scott Peters (D-CA) and Jared Golden (D-ME), sent a letter to President Biden calling for the...
CBO Scores IRA with $238 Billion of Deficit Reduction
The Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion...