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.

Apr 24, 2014 | Budgets & Projections

An Apples-to-Apples Comparison of the FY 2015 Budgets

Every year when the President releases his budget, CBO re-estimates the budget using a baseline set of economic assumptions – the same as...
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Apr 24, 2014

Farm Spending in the April 2014 CBO Baseline

CBO recently released an update to its 2014-2024 baseline including the first detailed agriculture projections since May 2013. Since then, Congress...
Apr 23, 2014 | Budgets & Projections

The President's Budget Against Different Baselines

In our paper on CBO's analysis of the President's budget, we compared how CBO and OMB estimated the budget's policies relative to CBO's baseline. Of...

Good News and Bad News for Federal Trust Funds

CBO’s latest budget outlook contained good news and bad news for some of the federal government’s largest trust funds. First,...
Apr 21, 2014 | Budgets & Projections

How Close Were Our Estimates of the President's Budget?

Shortly after the President's budget was released, we suggested CBO might be somewhat more pessimistic in its debt projections than OMB. Specifically...
Apr 17, 2014 | Budgets & Projections

CRFB's Report on CBO's Analysis of the President's FY 2015 Budget

CBO has released their analysis of the President's FY 2015 Budget and CFRB released a report summarizing the findings. CBO finds a less optimistic...
Apr 17, 2014 | Budgets & Projections

CBO Releases Analysis of the President's Budget

The Congressional Budget Office (CBO) has released its analysis of the President's FY 2015 budget, applying its own budget baseline and methodology...
Apr 16, 2014 | Taxes

Club for Growth: Quit Renewing the 'Temporary' Tax Breaks

In the Wall Street Journal today, Chris Chocola of the right-leaning Club for Growth called for Congress not to renew the expired "tax extenders...

CBO Projects Small Dip in Medicare Spending

One of the notable changes in Congressional Budget Office’s (CBO) latest budget baseline was a downward revision in projected Medicare spending...
Apr 16, 2014 | Taxes

Tax Day 2014: Ten Charts to Explain our Federal Tax System

In honor of tax day, CRFB released its Tax Day 2014 chartbook yesterday, with ten charts (and one table) that explain federal taxes – who pays...