Committee for a Responsible Federal Budget
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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.

Oct 3, 2013 | Taxes

On Income Tax's 100th Birthday, Time for Another Look

Today marks the centennial anniversary of the federal income tax, signed into law on October 3, 1913 by President Woodrow Wilson. Though this date...
Oct 3, 2013 | Budgets & Projections

Government Shutdown Limits Budget Options (Literally!)

The government is still shut down, the debt ceiling is fast approaching, and the need to put our debt on a sustainble path remains. This environment...
Oct 2, 2013 | Economics

The Economic Cost of the Shutdown

As we enter day 2 of the government shutdown, Americans across the country are already feeling the impact. With federal government offices and...
Oct 2, 2013

Debt Ceiling Watch 2013

 In order to avoid bumping up against the statutory debt ceiling, the Department of the Treasury has begun undertaking a number of so-called...
Oct 2, 2013 | Budget Process

Q&A: Everything You Should Know About the Debt Ceiling

While it is incredibly disappointing that elected officials in Washington failed to avoid a government shutdown, attention is quickly turning towards...
Oct 2, 2013

David Walker: American Nightmare

Former Comptroller General and CRFB Board Member David Walker writes in Public Finance International that the struggles in Detroit are a symbol of...
Oct 1, 2013 | Budgets & Projections

(Un)happy Fiscal New Year!

Today, October 1st, marks the first day of the 2014 fiscal year for the government, and the first day of a government shutdown in which 40 percent of...

Welcome to Shutdown

Today is the first October, first day of 2014 fiscal year, and because of the failure of Congress, the first day of the government shutdown....
Sep 30, 2013 | Taxes

House CR Would Worsen the Deficit by Repealing the Medical Device Tax

As we explained this morning, the House of Representatives recently passed a continuing resolution funding the government at FY 2013 levels through...
Sep 30, 2013

Line Items: New Year, No Resolutions Yet Edition

Not a Rockin’ Eve – Monday is New Year’s Eve...fiscally speaking as October 1 marks the beginning of Fiscal Year 2014. There may be...