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.
David Walker: American Nightmare
Former Comptroller General and CRFB Board Member David Walker writes in Public Finance International that the struggles in Detroit are a symbol of...
(Un)happy Fiscal New Year!
Today, October 1st, marks the first day of the 2014 fiscal year for the government, and the first day of a government shutdown in which 40 percent of...
Welcome to Shutdown
Today is the first October, first day of 2014 fiscal year, and because of the failure of Congress, the first day of the government shutdown. Yesterday...
House CR Would Worsen the Deficit by Repealing the Medical Device Tax
As we explained this morning, the House of Representatives recently passed a continuing resolution funding the government at FY 2013 levels through...
Line Items: New Year, No Resolutions Yet Edition
Not a Rockin’ Eve – Monday is New Year’s Eve...fiscally speaking as October 1 marks the beginning of Fiscal Year 2014. There may be a countdown, and a...
On the Brink of Shutdown?
Today is September 30, the last day of the government's fiscal year. If Congress does not agree on a continuing resolution today to authorize spending...
We Need More Than $13 Trillion in Deficit Reduction Over the Next 20 Years
In light of CBO's updated long-term projections, and our subsequent CRFB Realistic Long-Term Projections, CRFB has taken a fresh look at the minimum...
Discussion with CBO Director Elmendorf on the Costs of Waiting to Address Fiscal Challenges
At the House Budget Committee hearing on CBO's Long-Term Outlook, Rep. Reid Ribble (R-WI), who last week sent a letter calling for action on Social...
The Tax Break-Down: Individual Retirement Accounts
This is the ninth post in our blog series, The Tax Break-Down, which will analyze and review tax breaks under discussion as part of tax reform. Last...
Senator Levin Presents Ideas for Sequester Replacement
Last week, Senator Carl Levin (D-MI) introduced legislation that would increase taxes on multinational companies, and suggested that the revenue...
Introducing CRFB's Latest Long-Term Realistic Baseline
The release of the Congressional Budget Office's (CBO) Long-Term Budget Outlook is one of the big events in the budget world, and we'd like to think...
CBO: A Growing Debt Burden Is a Risky Path to Be On
Continuing with CRFB's analysis of CBO's latest long-term budget projections, we now turn our attention to one of the central themes throughout CBO's...