Latest
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Sen. Rand Paul Proposes $500B in Annual Spending Cuts
Senator Rand Paul (R-KY) released his plan for cutting federal spending earlier this week in the latest in a wave of Republican spending cut proposals...
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Spotlight on the States: Illinois
Continuing our "Spotlight on the States" series, which takes a look at state-level fiscal issues around the country, the Bottom Line turns to the...
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CBO Releases January 2011 Ten-Year Outlook
CBO today released its new budget and economic update, showing higher ten-year deficit and debt projections from 2012 to 2021 than they predicted back...
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CRFB Analysis of CBO’s January 2011 Baseline
CBO now projects the 2011 deficit to reach a record-breaking $1.5 trillion, and increased its deficit projections over the 2011-2020 period by $1.4...
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Doug Elmendorf Reappointed as Director of Congressional Budget Office
Congressional leaders have agreed to reappoint Doug Elmendorf as the director of the Congressional Budget Office. Mr. Elmendorf, who has been the...
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House Passes Third Weekly Spending Reduction Bill
Today, the House voted to end public financing of political party conventions and presidential campaigns by a vote of 239-160. This is part of a...
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Rep. Bachmann Proposes Spending Cuts
Rep. Michele Bachmann (R-MN) has released her proposal to reign in federal spending, amounting to over $425 billion in cuts annually. Shortly after...
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State of the Union Recap
Last night in his State of the Union address, President Obama hailed a new era of bipartisan cooperation, focusing on America's competitiveness to...
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CNN Money Exclusive: Time for Obama to get Bold on the Debt
In her latest commentary for CNN Money, CRFB president Maya MacGuineas talks about the need for President Obama to focus on large and specific...
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CRFB To Live Tweet State of the Union Address
Beginning at 9pm, President Obama will address the nation in second annual State of the Union address to Congress and the American public. CRFB will...
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House Passes Resolution to Set Spending at 2008 Levels
The House of Representatives this afternoon passed a rule directing Rep. Paul Ryan (R-WI), the chairman of the House Budget Committee, to set non...
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IMF to the United States: Adopt a Credible Fiscal Plan for the Medium-Run
The International Monetary Fund (IMF) released its World Economic Outlook update today, on the eve of two big moments for U.S. fiscal policy - the...