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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.


Does the President's Budget Slash Social Security and Medicare?

Several lawmakers have claimed that President Trump's latest budget would "slash," "gut," and "devastate" Social Security, Medicare, and Medicaid. It...
Feb 15, 2018 | Budgets & Projections

Debt Could Be 20 Percent of GDP Higher than President's Budget Claims

The Congressional Budget Office (CBO) typically publishes its own estimate of the President's budget about a month after the budget's initial release...
Feb 14, 2018 | Budget Process

A Short Primer on the Congressional Budget Office

With the House and Senate recently undergoing oversight hearings of the Congressional Budget Office (CBO), it's helpful to remember what CBO is and...
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Feb 12, 2018 | Budgets & Projections

An Overview of the President's FY 2019 Budget

Moments ago, President Trump released his Fiscal Year (FY) 2019 budget proposals, outlining his tax and spending proposals for the next decade. We...
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Feb 9, 2018 | Budget Process

MacGuineas to Senate Subcommittee: Budget Process Reform Needed

The Senate Homeland Security and Governmental Affairs Subcommittee on Federal Spending Oversight and Emergency Management held a hearing on Tuesday,...

Bipartisan Budget Act Means the Return of Trillion-Dollar Deficits

Lawmakers have passed a budget deal that will increase deficits by $320 billion over a decade or almost $420 billion with interest and sets the stage...
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Feb 8, 2018 | Other Spending

Budget Deal Would Bust Original BCA Caps

The budget deal currently being considered by Congress would increase discretionary spending caps over the next two years by $165 billion for defense...

Budget Deal Could Ultimately Add $2 Trillion in Debt

The budget deal lawmakers have agreed to would increase discretionary spending above and beyond repeal of the sequester and the caps set in law under...
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Feb 8, 2018 | Budgets & Projections

CBO Finds Budget Deal Will Cost $320 Billion

The Congressional Budget Office has released a series of estimates for the budget deal announced yesterday. The deal would add $320 billion to...
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Feb 7, 2018 | Budgets & Projections

Budget Deal Would Assure Permanent Trillion-Dollar Deficits

Note (2/9/2018): We have published an update to this blog reflecting passage of the Bipartisan Budget Act of 2018. It is posted here. Lawmakers...
Maya MacGuineas
Feb 6, 2018 | Budgets & Projections

MacGuineas Testifies Before Senate Subcommittee

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, testified before the Senate Homeland Security and Governmental Affairs...
Feb 2, 2018 | Taxes

Post-State of the Union Fact Check Roundup

The President's first State of the Union address included several claims related to the recently passed tax legislation, including a few repeat...
Jan 30, 2018

Facebook Page Remembering Ed Lorenzen

In order to provide information on Ed Lorenzen's tributes and arrangements, we have set up a public Facebook page that will be constantly updated...
Donald Trump
Jan 30, 2018 | Budgets & Projections

Debt-O is Back for the State of the Union Address!

President Donald Trump will give his first State of the Union address tonight at 9 p.m. ET. CRFB will be live tweeting the speech, providing analysis...
Jan 30, 2018

Washington Post: In a house fire, America loses a devoted servant

Following the untimely death of Committee for a Responsible Federal Budget senior advisor Ed Lorenzen and his son, Michael, The Washington Post's...
Maya MacGuineas
Jan 26, 2018 | Other Spending

Maya MacGuineas: Wake Up: The Current Fiscal Free-for-All is Untenable

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She...
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Jan 26, 2018 | Taxes| Economics

IMF: Tax Bill's Boost to Growth is Short-Term

This week, the International Monetary Fund (IMF) released a new estimate of economic growth, revising their short-term estimate upwards because of...
Jan 26, 2018 | Budgets & Projections

Trillion-Dollar Deficits Could Return Next Year, But A Deal Could Make Them Worse

Trillion-dollar deficits will return next year, and a budget deal in the coming weeks could make them much worse. The continuing resolution (CR) that...
Jan 23, 2018 | Health Care| Taxes

Three-Week Funding Deal Includes $30 Billion in Tax Cuts

Lawmakers came to a bipartisan agreement to end the federal government shutdown yesterday, but it came with a very high price. The continuing...
Donald Trump
Jan 19, 2018 | Budgets & Projections

President Trump's Fiscal Record So Far

As the first year of the Trump Presidency closes, it is worth taking a look at how the fiscal health of the country has changed since President Trump...