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: Massive Deficit Was Totally Predictable & Self-Imposed
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
Moody's: Widening Deficit Foreshadows Decline in U.S. Fiscal Strength
With last year's deficit growing to $779 billion, Moody's Investors Service yesterday warned that the country's fiscal position is on a "gradual...
Are Defense and Disasters Causing the Deficit Increase?
When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of those...
Riedl Proposes Debt Reduction Plan
Brian Riedl, a senior fellow at the Manhattan Institute, recently released a budget plan to stabilize debt over the long term. The plan proposes...
OMB and Congress Propose New Way to Budget for Federal Buildings
UPDATE: Senator Chris Van Hollen (D-MD) introduced a version of this policy on May 27, 2021. Read about his legislation here. Both lawmakers and...
Treasury: 2018 Deficit was $779 Billion
The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17...
CBO Shows $782 Billion Deficit for FY 2018
Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
CRFB on the Road
Over the last few weeks, we at CRFB and the Campaign to Fix the Debt have been traveling around the country, participating in panels, and doing...
A Fiscal Year Defined by $2.4 Trillion In New Debt
Typically, we mark the end of the fiscal year, which will occur on Monday, by reviewing important numbers for the previous fiscal year. This year, one...
JCT: Tax Cuts 2.0 Would Slow Long-Term Economic Growth
The Joint Committee on Taxation (JCT) has released an official dynamic score of "Tax Reform 2.0" – a bill permanently extending last December's tax...
Co-Chair Lowey Proposes Reforms to the JSC
The Joint Select Committee on Budget and Appropriations Process Reform (JSC) continues to work on its recommendations, which are due at the end of...
2018 Annual Dinner: Celebrating our Commitment to Fiscal Responsibility
On Thursday, September 13, the Committee for a Responsible Federal Budget hosted its 2018 Annual Dinner at the Liaison Hotel on Capitol Hill. We had a...