Concept_DC_Capitol Building

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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.

Concept_World_Money
Dec 13, 2019 | Budgets & Projections

OECD: U.S. Has the Highest Deficit

The United States had the highest deficit in 2018 among Organisation for Economic Co-operation and Development (OECD) countries...
Concept_DC_Capitol Building_Money
Dec 13, 2019 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 12/13/2019: Congress did not complete action on appropriations before the end of the fiscal year on Sept. 30, although lawmakers enacted...
Concept_DC_Capitol Building Sunrise
Dec 13, 2019 | Other Spending

Appropriations Watch: FY 2020

Updated 12/13/2019: Congress did not complete action on appropriations before the end of the fiscal year on Sept. 30. Congress enacted a continuing...
Maya MacGuineas
Dec 13, 2019 | Social Security

Maya MacGuineas: Utah statesmen seek to fix our most pressing problems

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...
Erskine Bowles
Dec 13, 2019 | Economics

Erskine Bowles and Henry Paulson: How to Get Americans to Love Capitalism Again

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...
Taxes_1040 Form
Dec 11, 2019 | Taxes

Wall Street Journal Editorial Board Takes on Temporary Tax Breaks

The Wall Street Journal editorial board wrote an opinion piece today decrying special interest tax subsidies that may be added to a year-end...
Concept_DC_Capitol Building

Burchett, Case, and Womack Introduce RAFT Act

One way to begin addressing our unsustainable fiscal situation is to set fiscal goals, which could come in the form of debt targets. A new...
US flag with 100 dollar background
Dec 3, 2019

Support Us on #GivingTuesday

This #GivingTuesday, support the nonpartisan work of the Committee for a Responsible Federal Budget.  Your tax-deductible contribution will...
CRFB Fallout Contest Logo
Dec 3, 2019

Win $5,000 from the Fiscal Fallout Contest

We are now accepting submissions for our Fiscal Fallout Contest, where students are given the opportunity to put a human face on the consequences...
Concept_Scale
Nov 25, 2019 | Budgets & Projections

Case and Womack Introduce Sustainable Budget Act

Building on bipartisan momentum for addressing our unsustainable fiscal situation, Representative Ed Case (D-HI) and House Budget Committee Ranking...
Budget Process
Nov 21, 2019 | Budget Process

Enzi-Whitehouse Budget Process Bill Includes Important Reforms

The Senate Budget Committee recently marked up and reported bipartisan legislation to reform the budget process. The Bipartisan Congressional Budget...
Concept_Microphones
Nov 21, 2019 | Health Care

Watch: Opportunities for Lowering Health Care Costs

On November 21, we hosted a major event on reducing health care costs for families, businesses, and the federal government. The event featured...
Concept_Debate
Nov 20, 2019

Factchecking and Live-Tweeting the Democratic Presidential Primary Debates

Tonight's Democratic presidential primary debate marks the fifth round of debates of the 2020 campaign and will surely touch on fiscal...
Concept_calculator
Nov 20, 2019 | Budget Process

PAYGO Tracker: FY 2020

The first rule of getting out of a hole is to stop digging it deeper. Yet with deficits projected to exceed $1 trillion this fiscal...
Nov 18, 2019 | Taxes

2020 Federal Tax Brackets Are Here

The Internal Revenue Service (IRS) has released its tax year 2020 inflation adjustments for more than 60 federal tax provisions. To make these...
Nov 13, 2019 | Budgets & Projections

Mike Murphy: While Congress Makes Budgeting Look Hard, Americans Show How to Do It

Mike Murphy, the Chief of Staff and Director of the Committee for a Responsible Federal Budget's FixUs initiative wrote an op-ed that is...
Concept_calculator
Nov 7, 2019 | Social Security

Bernie Sanders's Social Security Expansion Act

This is the third policy explainer in our US Budget Watch 2020 series covering the 2020 presidential election. In the coming weeks and months, we...
Concept_Pen and Calculator
Nov 1, 2019 | Social Security

Bipartisan Group Introduces TRUST Act

Earlier this week, Senators Mitt Romney (R-UT), Joe Manchin (D-WV), Todd Young (R-IN), Doug Jones (D-AL), and Kyrsten Sinema (D-AZ), alongside...
Oct 28, 2019 | Taxes

Marc Goldwein & Tyler Evilsizer: Moving from a debt-busting tax cut to pro-growth tax reform

Marc Goldwein is the senior vice president and senior policy director at the Committee for a Responsible Federal Budget. Tyler Evilsizer is the...
U.S. Debt Clock
Oct 25, 2019 | Budgets & Projections

Treasury: 2019 Deficit was $984 Billion

The Treasury Department released final budget numbers for Fiscal Year (FY) 2019 today, showing last year's deficit totaled $984 billion, a $205...

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