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.
Deficit Totaled $1.7 Trillion Over the Past Year
The federal budget deficit totaled $1.7 trillion over the past 12 months, down $32 billion from the 12-month rolling deficit ending in March and down...
How Much Would Student Loan “Hardship” Provision Cost?
We recently estimated the President’s new student debt cancellation plan would cost between $250 billion and $750 billion over a decade, and have...
Social Security and Medicare Trustees Release 2024 Reports
The Social Security and Medicare Trustees just released their annual reports on the financial status of the Social Security and Medicare programs. The...
Maya MacGuineas on Fox News' "Special Report"
Committee for a Responsible Federal Budget President Maya MacGuineas recently joined Fox News' "Special Report" with Bret Baier to discuss the annual...
The Total Cost of Student Debt Cancellation
Including the Biden Administration’s new student debt cancellation plan, we estimate all recent student debt cancellation policies will cost a...
Appropriations Watch: FY 2024
Updated 4/24/2024: On Tuesday, April 23, the Senate passed a package of national security-oriented bills passed by the House on Saturday, April 20...
What's in the Latest House National Security Supplementals?
The House of Representatives is set to soon vote on a series of national security-related supplemental appropriations bills. Three of the bills...
Interest Rates Surge Near Record Highs
Interest rates are once again on the rise across nearly every maturity. The ten-year Treasury note closed at 4.7 percent on Tuesday, up from 4.1...
Tim Penny & David Minge: Taxes increasingly paying for the past - not the future
Tim Penny is co-chair and David Minge is a an emeritus board member of the Committee for a Responsible Federal Budget. Both are former representatives...
Student Debt Plan Would Add Hundreds of Billions to Deficit
The Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this...
2017 Tax Cuts Continue to Lose Revenue
The Congressional Budget Office (CBO) estimated the Tax Cuts and Jobs Act (TCJA) of 2017 would add $1.8 trillion to deficits (excluding interest)...
Trust Fund Solvency Could Stabilize the Debt
Restoring solvency to the major trust funds could stabilize debt as a share of the economy, albeit at a very high level. We estimate that when dynamic...