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.
W&M Tax Bill Would Cost Over $1 Trillion if Made Permanent
The House Ways and Means Committee will soon consider the American Families and Jobs Act , legislation to temporarily extend various business tax...
The Deficit Was $2.1 Trillion Over Past Year
The federal budget deficit totaled $2.1 trillion over the past 12 months, up 50 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...
Marc Goldwein on CNBC's "Squawk Box"
Committee for a Responsible Federal Budget senior policy director Marc Goldwein recently joined CNBC's "Squawk Box" to discuss the latest on the...
Maya MacGuineas on MSNBC's "The Saturday Show"
Committee for a Responsible Federal Budget president Maya MacGuineas recently joined MSNBC's "The Saturday Show" with host Jonathan Capehart to...
How Much Would the Fiscal Responsibility Act Save?
The House-passed Fiscal Responsibility Act of 2023 (FRA) would suspend the debt limit and meaningfully reduce budget deficits – but by how much...
Rescinding COVID Relief Funds Saves $30 Billion
As policymakers negotiate a deal to raise the debt ceiling and reduce deficits, reports suggest that rescinding remaining COVID relief funds may be an...
Maya MacGuineas on C-SPAN's "Washington Journal"
Committee for a Responsible Federal Budget President Maya MacGuineas recently joined C-SPAN's "Washington Journal" to talk about the ongoing...
Maya MacGuineas on CNBC's "Power Lunch"
Committee for a Responsible Federal Budget President Maya MacGuineas recently joined CNBC's "Power Lunch" to discuss the debt ceiling negotiations...
Debt Explodes Under Alternative Scenarios
The Congressional Budget Office's (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product...
Meeting Fiscal Goals Under CBO's May 2023 Baseline
We estimate that it would take $16.0 trillion of deficit reduction to balance the budget over a decade, $3.5 trillion to stabilize debt at 110 percent...
Interest Overtakes Kids' Spending
Interest on the debt is the fastest growing item in the federal budget, and in Fiscal Year (FY) 2023 the federal government will spend more on net...
CBO Releases May 2023 Baseline
The Congressional Budget Office (CBO) today released new ten-year budget projections , again confirming that the national debt is on an unsustainable...