Washington Monument

Blog | June 2014

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.
Jun 27, 2014 | Other Spending

Administration Releases FY 2015 War Spending Request

The Obama Administration yesterday released the details of its request for war spending (Overseas Contingency Operations, or OCO), with a grand total...

Why Lawmakers Should Fix the Budgetary Treatment of the Highway Trust Fund

Continuing our series of transportation-focused blogs, this blog discusses the budgetary treatment of the Highway Trust Fund (HTF). While most of the...
Jun 26, 2014 | Other Spending| Taxes

Restoring Highway Solvency with New Revenue Sources

As we approach the twin deadlines to reauthorize surface transportation spending and shore up the Highway Trust Fund (HTF), policymakers should note...
Jun 26, 2014

Can You Do Better Than DC Lawmakers?

Over the past few years, lawmakers have engaged in a series of budget showdowns trying to avoid fiscal speed bumps and reduce deficits. However, debt...
Jun 26, 2014 | Other Spending

Senate Finance Committee Discussing Highway Patch

The Senate Finance Committee is beginning a markup of a short-term patch to the Highway Trust Fund, providing funding through the end of the year....
Jun 25, 2014 | Taxes

Cost of Ways & Means Tax Cuts Passes the Trillion Dollar Mark

The Ways & Means Committee today marked up new and extended tax breaks costing more than $210 billion of lost revenue and increased outlays over...
Jun 25, 2014 | Other Spending

CBO Releases Score of Postal Reform Act

CBO published its score of the Postal Reform Act of 2013 (H.R. 2748), a bill introduced by House Oversight Committee Chairman Darrell Issa (R-CA...
Jun 25, 2014

MY VIEW: Jim Nussle

Jim Nussle, Co-Chair of the Committee for a Responsible Federal Budget, served as the Director of the Office of Management and Budget from 2007-2009...
Jun 25, 2014 | Other Spending

Finance Committee Considers Short Term Highway Extension

As we've been writing about various ways to improve the state of the Highway Trust Fund (HTF), the Senate Finance Committee has been discussing...
Jun 25, 2014

CRFB President Maya MacGuineas to Testify at Biennial Budgeting Hearing Today

This morning at 10 a.m., the House Rules Subcommittee on Legislative and Budget Process will hold a hearing on the Biennial Budgeting and Enhanced...