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.

Nov 14, 2013 | Budgets & Projections

CBO Takes a Look at the Distribution of Taxes and Transfers

On Monday, we took a look at the breakdown of federal spending and taxes by the type of household, particularly between elderly and non-elderly...
Nov 14, 2013 | Taxes

Tax Break-Downs Updated

Yesterday, the Congressional Budget Office released its budget options paper, a biannual report that provides over 100 suggestions of specific things...
Nov 13, 2013 | Budgets & Projections

Replacing the Sequester With...More Sequester? No Deal

As the budget conference committee works to develop a plan to offset some of the sequester, they may be tempted to use budget gimmicks in place of...
Nov 13, 2013 | Budgets & Projections

CBO Director Lays Out Budget Challenges for Conference Committee

At the second meeting of the budget conference committee earlier today, CBO director Doug Elmendorf was on hand to present the budget and economic...
Nov 13, 2013 | Budgets & Projections

CBO Releases Updated Budget Options Report

We may have had to wait a little longer due to the government shutdown, but CBO's new budget options report is finally here. Today, CBO released its...
Nov 13, 2013 | Budget Process

Kent Conrad and Judd Gregg: With Order Restored, Let’s Act

The budget conference committee is holding its second hearing this morning as the conferees continue to try and work out a compromise between the...
Nov 13, 2013 | Budgets & Projections

Round 2: The Conferees Convene

The second meeting of the budget conference committee will happen today at 10 AM Eastern time. The conferees do not have a lot of time, as their...
Nov 12, 2013 | Taxes

CEPR Proposes a Financial Transaction Fee for Sequester Offset

What to do about sequestration remains one of the most important questions before the budget conference, and while replacing at least part of the...
Nov 12, 2013 | Other Spending

Offsetting the Defense Sequester

Replacing the sequester will be an important item on the conference committee's agenda, and it may also be the most difficult. Right now, the two...
Nov 12, 2013

No, Actually, the Fiscal Gap Has Not Fallen by 8 Percentage Points

Last week, at a breakfast with David Wessel and Gerald Seib of The Wall Street Journal, Council of Economic Advisers chair Jason Furman made the case...