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.
Addressing the Statutory PAYGO Scorecard
There is currently a massive $1.7 trillion balance on the statutory PAYGO scorecard for 2025. Under current law, this balance is slated to trigger a...
CBO Estimates 2024 Deficit Totaled $1.8 Trillion
The Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a $1.8...
Open Letter Urges Candidates to Focus on the Debt
Tuesday marked the start of Fiscal Year 2025. With the ringing in of a new fiscal year, and with just over a month until Election Day, Board Members...
How Will GDP Numbers Affect Debt Outlook?
Recently revised data from the Bureau of Economic Analysis shows that Gross Domestic Product is about 1.3 percent larger than previously reported and...
Appropriations Watch: FY 2025
Updated 9/27/24: On September 26, 2024, following passage by both chambers of Congress, the President signed a continuing resolution to extend...
2024 Budget Bash Reception: Celebrating Our Commitment to Fiscal Responsibility
On Wednesday, September 18, the Committee for a Responsible Federal Budget hosted our annual reception at the Observatory at America's Square. The...
Bipartisan Fiscal Forum Discusses Debt on House Floor
Members of the Bipartisan Fiscal Forum (BFF) spoke yesterday on the House of Representatives floor to highlight the danger posed by our mounting...
Donald Trump’s Proposal to End Taxes on Overtime
Former President Donald Trump recently proposed eliminating taxes on overtime pay. On a static basis, we estimate ending taxes on all overtime pay...
Mitch Daniels: ‘The Day the Dollar Died’ is coming. What’s the plan?
Mitch Daniels is the president emeritus of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget...
House to Vote on Emissions Rule Repeal
The House of Representatives is expected to vote this week on a joint resolution to disapprove a rule finalized by the Environmental Protection Agency...
Improper Payments Cost the Government Billions
Improper payments cost the federal government $236 billion in Fiscal Year (FY) 2023, according to testimony from the Government Accountability Office...
Repealing the WEP/GPO Provision Leads to Larger Deficits and Earlier Insolvency
Members of Congress recently filed a discharge petition on a bill to repeal Social Security’s Windfall Elimination Provision (WEP) and Government...