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.
Six Ways to Fight Inflation
Personal Consumption Expenditure (PCE) inflation rose by 6.3 percent over the past year and 0.6 percent last month according to new data from the...
Reducing Drug Prices and the Tax Gap
As lawmakers negotiate a possible reconciliation bill, they should look to offsets from the House-passed Build Back Better Act (BBB) to help fund new...
CBO Estimates TCJA Extensions Could Cost Up to $2.7 Trillion
The Congressional Budget Office's (CBO) latest baseline spells out what the federal budget will look like under current law, but also estimates the...
Senate Retirement Bill Would Cost $84 Billion Without Gimmicks
The Senate Finance Committee recently advanced the Enhancing American Retirement Now (EARN) Act, a bill designed to encourage private retirement...
Appropriations Watch: FY 2022
Updated 7/5/22: For news on the appropriations process for the upcoming fiscal year, please see Appropriations Watch: FY 2023. The Senate passed a...
Representatives Lee and Pocan Introduce Defense Spending Cuts Legislation
Earlier this week, Defense Spending Reduction Caucus Co-Chairs Congresswoman Barbara Lee (D-CA) and Congressman Mark Pocan (D-WI) introduced the...
Reaching Fiscal Goals Under the Latest Baseline
The Congressional Budget Office’s (CBO) latest baseline projects that federal debt held by the public will rise to a record 110 percent of Gross...
Ten Options to Secure the Medicare Trust Fund
Note: The first paragraph and the table have been updated from the original version to reflect the 2022 Medicare Trustees' Report and the May 2022 CBO...
CBO Baseline Shows Troubling Long-Term Outlook
The Congressional Budget Office (CBO) recently published its latest Budget and Economic Outlook covering fiscal years (FY) 2022 through 2032. In the...
Event Recap: Fiscal Solutions to Climate Change
On May 17, the Committee for a Responsible Federal Budget hosted an event on the "Fiscal Solutions to Climate Change." The virtual event featured a...
92 Percent of Projected Spending Growth is from Health, Retirement, and Interest
According to the Congressional Budget Office's (CBO) latest baseline, budget deficits will rise dramatically over the next decade, from $1.0 trillion...
What Would Higher Interest Rates Mean for the Debt?
Interest payments on the national debt are projected to be the fastest-growing part of the federal budget. Under the Congressional Budget Office's...