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.
Introducing the CRFB Debt Thermometer
Fiscal policy has profound consequences on the economic health and national security of the country. Yet little is done to track the effects of...
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
UPDATE (June 2024): This analysis has been updated for CBO's June 2024 baseline update . The Congressional Budget Office (CBO) estimated the Tax Cuts...
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...
Breaking Down the Proposals in the President's FY 2025 Budget
The Biden Administration recently released the President's Fiscal Year (FY) 2025 budget, outlining President Biden's tax and spending priorities for...
Donald Trump’s 60% Tariff on Chinese Imports
Former President and current Republican presidential candidate Donald Trump recently proposed implementing a tariff of 60 percent or higher on imports...
What’s In the House Budget Committee’s FY 2025 Budget Resolution?
The House Budget Committee (HBC) recently released, marked up, and approved its Fiscal Year (FY) 2025 budget resolution. In our press release, the...
Deficit Was $1.7 Trillion Over Past Year
The federal budget deficit totaled $1.7 trillion over the past 12 months, down $142 billion from the 12-month period ending in February and down $37...