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.
Bipartisan Fiscal Forum Launched
Today marked the launch of the Bipartisan Fiscal Forum, a group of lawmakers focused on drawing attention to and finding solutions for America’s...
Mike Pence’s Proposal to Freeze Nondefense Discretionary Spending
Republican presidential candidate Mike Pence recently proposed freezing nondefense discretionary (NDD) spending, which we estimate could save between...
The Deficit Was $2.2 Trillion Over Past Year
The federal budget deficit totaled $2.2 trillion over the past 12 months, up 64 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...
IRA Energy Provisions Could Cost Two-Thirds More Than Originally Estimated
At the time of its passage, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) estimated that the Inflation Reduction Act...
Interest Costs Will Grow the Fastest Over the Next 30 Years
According to the Congressional Budget Office’s (CBO) long-term baseline, federal spending as a percentage of Gross Domestic Product (GDP) will grow to...
New Poll Finds Widespread Support for Creation of a Bipartisan Fiscal Commission
A recent poll released by the Peter G. Peterson Foundation shows that a strong majority of Americans are increasingly concerned with the national debt...
CBO: Social Security is Ten Years from Insolvency
The Congressional Budget Office (CBO) recently published detailed long-term projections for Social Security that project the financial outlook for the...
Event Recap: The Fiscal Outlook After the Debt Limit Deal
The bipartisan Fiscal Responsibility Act (FRA), signed into law in May, is the largest deficit reduction legislation enacted in nearly a dozen years...
Asa Hutchinson's Proposal to Reduce the Federal Civilian Workforce by 10 Percent
Republican presidential candidate Asa Hutchinson recently proposed shrinking the size of the federal civilian workforce, which we estimate could save...
CBO Releases June 2023 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its June 2023 Long-Term Budget Outlook that projects the nation's fiscal future over the next...
Rep. Grothman Introduces Bill to Enforce FY 2026-2029 Spending Caps
Representative Glenn Grothman (R-WI) recently introduced the Enforce the Caps Act in the House, along with nearly a dozen co-sponsors. The legislation...
Maya MacGuineas on Bloomberg's "Balance of Power"
Committee president Maya MacGuineas recently joined Bloomberg's "Balance of Power" to discuss the latest Long-Term Budget Outlook from the...