Latest
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Budgeting through Footnotes
Read moreThis morning, Lori Montgomery of the Washington Post reported on the decision of the Obama administration to incorporate $85 billion in tax breaks...
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Constructing a "Current Policy" Baseline
Read moreToday, US Budget Watch released The Cost of “Current Policy”. In this analysis, we show that, while deeply troublesome, CBO’s $7.1 trillion ten-year...
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The Cost of "Current Policy"
Read moreThe CBO recently projected a ten-year deficit of $7.1 trillion using a "current law" baseline. But these numbers may prove to be optimistic. CRFB...
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The Ups and Downs of Buttressing the Economy
Read moreYesterday, the Wall Street Journal posted an article discussing the FDIC’s soon-to-be urgent need to draw money from its $500 billion Treasury line of...
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Pandering to Seniors
Read moreResponsible budgeting is always challenging – but it is particularly so when the discussion centers on certain “third rail" issues like seniors...
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Wash Post and FT Call For Medium-Term Deficit Reduction Plan
Read moreRecently, both the Washington Post ( Bad-News Budget) and the Financial Times ( Fiscal Challenges for a Recovering US) have written excellent...
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So What Will the Deficit Really Be?
Read moreLast week, the Congressional Budget Office (CBO) released its updated Budget and Economic Outlook and the Office of Management and Budget (OMB)...
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NewsHour Budget Segment
Read moreMacGuineas, Guha, and Wessel on the NEWSHOUR, on the reappointment of Bernanke and the new budget numbers.
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Put Another $2 Trillion on the Tab
Read moreCRFB released this report on OMB's Mid-Session Review. (We will soon release a more detailed analysis.) CBO provides a comparison chart between OMB...
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Bernanke at Jackson Hole
Read moreThe Fed is holding its annual summer retreat at Jackson Hole, Wyoming, which features Fed officials and outside experts discussing the critical issues...