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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.

Feb 7, 2019 | Budgets & Projections

These 3 Parts of the Budget Explain 87% of Spending Growth

The Congressional Budget Office's (CBO) latest baseline shows that deficits and debt are rising unsustainably, driven by the failure of revenue...
Feb 5, 2019

Play Debt-O During State of the Union 2019!

President Donald Trump will give his second State of the Union address tonight at 9 p.m. ET. CRFB will be live tweeting the speech, providing...
Maya MacGuineas
Feb 1, 2019 | Budgets & Projections

Maya MacGuineas: How to Keep the Government Running When Lawmakers Fail To Do Their Job

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 ...
Feb 1, 2019 | Budgets & Projections

The Two Factors That Explain the Improvement in the Budget Outlook

This year's Congressional Budget Office (CBO) budget outlook was a slight improvement over last April's, although it still shows a...
Jan 30, 2019 | Budgets & Projections

CBO: Debt-to-GDP Will Double in Three Decades

CBO’s latest baseline projected that current law debt will rise rapidly from today’s post-war record-high levels over the next decade. Buried...
Jan 29, 2019 | Economics

Erskine Bowles: Americans are being left behind. Here's how we fix it.

Erskine Bowles served as chief of staff to President Bill Clinton from 1997 to 1998 and is a member of the Committee for a Responsible Federal Budget...
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Jan 28, 2019 | Budgets & Projections

CBO Budget Projections Show Bleak Outlook

The Congressional Budget Office (CBO) has released its 2019 budget and economic projections, and the budget outlook is very bleak. CBO's baseline...
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Jan 25, 2019 | Economics

The Longest Shutdown Has Hit Consumer Sentiment the Hardest

It's not just the economy that's taken a hit from the partial shutdown of the government. Consumer confidence has taken a dip as well, falling more...
Jan 24, 2019 | Budget Process

A (Very Small) PAYGO Sequester is Scheduled To Happen

Small automatic cuts may be coming soon because Congress added to deficits last year. An $800 million (0.1 percent cut) was supposed to go into...
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Jan 24, 2019 | Economics

The Government Shutdown Could Wipe Out Recent Stimulus Effects on This Quarter

The current government shutdown has lasted long enough to temporarily erase all the positive stimulus effects of recent major legislation. ...
Jan 22, 2019 | Economics

The Shutdown's Economic Toll Equals the Average Hurricane

The current government shutdown is the economic equivalent of a self-imposed natural disaster. As the 32nd day of the longest government shutdown in...
Jan 17, 2019 | Budget Process

Ernst, Lankford, and Perdue Introduce The "No Budget, No Recess" Act

Senator Joni Ernst (R-IA), along with Senators Lankford (R-OK) and Perdue (R-GA), today introduced the "No Budget, No Recess" Act." The legislation...

CBO: Fixing the Debt Could Increase Average Income by $6,000 Per Person

While some recent commentators have suggested Americans stop worrying about our debt, evidence shows there is a significant upside to addressing...
Jan 2, 2019 | Budget Process

Budget Changes in Proposed House Rules

House Democrats are proposing a package of rules to govern the House of Representatives in the 116th Congress. The package contains many...
Dec 31, 2018 | Budgets & Projections

Our Top Fiscal Charts of 2018

The year 2018 was a busy time for budget policy, which gave us plenty of opportunities for analysis via tables and graphs. We published over 250...
Leon Panetta
Dec 29, 2018 | Other Spending

Leon Panetta: Five Lessons that Never Seem to Be Learned from Shutting Down the Government

Leon Panetta is co-chair of the Committee for a Responsible Federal Budget, former budget director and White House chief of staff under...
Dec 20, 2018 | Health Care| Taxes

House to Vote on $100 Billion Lame Duck Tax Package

The House will likely consider a package of lame duck tax cuts costing almost $100 billion over ten years. About half of the cost comes from...
Dec 19, 2018 | Other Spending

What Happens in a Partial Government Shutdown?

Policymakers have until midnight on Friday to avoid a partial government shutdown. Lawmakers have already passed full-year appropriations for...
Maya MacGuineas
Dec 19, 2018 | Budgets & Projections

Maya MacGuineas Testifies Before House Financial Services Committee

CRFB president Maya MacGuineas testified before the House Financial Services Committee on Thursday, December 20. The hearing, entitled "The Peril of...
Dec 13, 2018 | Budgets & Projections

CBO Releases Latest Budget Options Report

Today, the Congressional Budget Office (CBO) released its "Options for Reducing the Deficit, 2019-2028" report, featuring 121 policy options and...