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.
Maya MacGuineas on MSNBC's "The Saturday Show"
Committee for a Responsible Federal Budget president Maya MacGuineas recently joined MSNBC's "The Saturday Show" with host Jonathan Capehart to...
How Much Would the Fiscal Responsibility Act Save?
The House-passed Fiscal Responsibility Act of 2023 (FRA) would suspend the debt limit and meaningfully reduce budget deficits – but by how much...
Rescinding COVID Relief Funds Saves $30 Billion
As policymakers negotiate a deal to raise the debt ceiling and reduce deficits, reports suggest that rescinding remaining COVID relief funds may be an...
Maya MacGuineas on C-SPAN's "Washington Journal"
Committee for a Responsible Federal Budget President Maya MacGuineas recently joined C-SPAN's "Washington Journal" to talk about the ongoing...
Maya MacGuineas on CNBC's "Power Lunch"
Committee for a Responsible Federal Budget President Maya MacGuineas recently joined CNBC's "Power Lunch" to discuss the debt ceiling negotiations...
Debt Explodes Under Alternative Scenarios
The Congressional Budget Office's (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product...
Meeting Fiscal Goals Under CBO's May 2023 Baseline
We estimate that it would take $16.0 trillion of deficit reduction to balance the budget over a decade, $3.5 trillion to stabilize debt at 110 percent...
Interest Overtakes Kids' Spending
Interest on the debt is the fastest growing item in the federal budget, and in Fiscal Year (FY) 2023 the federal government will spend more on net...
CBO Releases May 2023 Baseline
The Congressional Budget Office (CBO) today released new ten-year budget projections, again confirming that the national debt is on an unsustainable...
Maya MacGuineas on Bloomberg's "Balance of Power"
Committee president Maya MacGuineas recently joined Bloomberg Television's "Balance of Power" with Kailey Leinz and Joe Mathieu to discuss what...
Deficit Nearly $2 Trillion Over Past Year
The federal government has run nearly $2 trillion in deficits over the past year, based on monthly data from the Congressional Budget Office (CBO)...
Revenue Surge Comes to an End
After surging to a near-record 19.6 percent of Gross Domestic Product (GDP) last fiscal year, revenue has fallen to 17.7 percent of GDP over the past...