CBO Releases New Economic Projections
The Congressional Budget Office (CBO) released new ten-year economic projections today, updating its projections from April. The latest...
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.
A Plan to Save the Highway Trust Fund
House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) recently introduced a discussion draft of legislation to improve the...
Aug 8, 2018 | Budgets & Projections
CBO Shows That Policymakers Could Make the Long-Term Outlook Much Worse
The Congressional Budget Office (CBO) today released a look at various long-term budget scenarios. Most notably, the report shows how much more bleak...
Aug 1, 2018 | Budget Process
Three Measures We Hope the JSC Will Consider
The Joint Select Committee on Budget and Appropriations Process Reform (JSC) has an important opportunity to improve our broken budget process....
Aug 1, 2018 | Budgets & Projections
Maya MacGuineas: National Debt is About to Roar Back to Life as a Pressing Issue
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, published an op-ed with CNN. An excerpt is below.
As a result of...
Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?
In a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to...
Jul 27, 2018 | Economics
Growth Just Hit 4.1 Percent – Don't Expect It To Last
The Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second ...
Jul 26, 2018 | Social Security
Ways and Means Subcommittee Examines Changes to the SSDI Appeals Process
The House Ways and Means Subcommittee on Social Security held a hearing on July 25 regarding changes to the adjudication process for the Social...
House to Vote on $90 Billion of Tax Cuts
The House of Representatives is voting this week on three bills targeting health care-related tax provisions and expanding the use of...
Jul 25, 2018 | Other Spending
Newest Kids' Share Report Projects Further Decline in Spending on Children
Federal spending on children will continue its expected decline, falling to roughly 7 percent of outlays and less than 2 percent of the economy...
Jul 25, 2018 | Budgets & Projections
Watch the Debt Fixer in Action
We just updated our popular Debt Fixer interactive federal budget tool with new options to reflect recent tax and spending legislation and the latest...
Jul 24, 2018 | Budgets & Projections
Congress Is Struggling to Produce a Budget, So Do It Yourself with Our Debt Fixer Tool
The federal budget is more than 3 months overdue and the national debt is headed towards record levels. Now, we provide you an opportunity to show...
Jul 19, 2018 | Budgets & Projections
Mid-Session Review Shows How Much Worse the Deficit Has Gotten in the Past Year
The Office of Management and Budget (OMB) released the Mid-Session Review (MSR) last week, updating the President's FY 2019 budget projections...
Have Deficit Projections Doubled Because of the Tax Bill and BBA 2018?
Chairman of the House Ways and Means Committee Kevin Brady (R-TX) appeared on Fox Business this morning, where he was asked about CRFB's analysis...
Jul 18, 2018 | Budget Process
Panetta Recommends Budget Reform to JSC
Committee for a Responsible Federal Budget co-chair Leon Panetta testified before the Joint Select Committee on Budget and Appropriations Process...
Jul 12, 2018 | Budget Process
WATCH: Leon Panetta Testifies Before Budget Process Committee
Committee for a Responsible Federal Budget co-chair Leon Panetta testifies before the Joint Select Committee on Budget and Appropriations Process...
Ways and Means Committee Considering $92 Billion of Tax Cuts
The House Ways and Means Committee today is marking up a package of 11 tax bills related to health care. The Joint Committee on Taxation (...
Jul 10, 2018 | Economics
Does CBO "Expect the TCJA to Significantly Boost" the Economy in 2018?
UPDATE: The FRBSF paper has been corrected to remove the erroneous claim that CBO’s growth estimates are well in excess of theirs. The below fact...
Budget Process Changes in the FY 2019 House Budget
The Fiscal Year 2019 House budget resolution contains a number of interesting budget process proposals. The budget passed out of committee last month...
Jul 6, 2018 | Other Spending
By 2048, Only 6% of the Budget Will Go to Children
The Congressional Budget Office's (CBO) recent long-term budget outlook not only forecasts rapidly rising levels of debt but also suggests...
