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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
Oct 19, 2018 | Budgets & Projections

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 ...
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Concept_Debt
Oct 18, 2018 | Budgets & Projections

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...
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Concept_Magnifying Glass
Oct 18, 2018 | Budgets & Projections

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...
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Concept_Debt_pennies
Oct 17, 2018 | Budgets & Projections

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...
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Concept_DC_Capitol Building
Oct 16, 2018 | Other Spending

OMB and Congress Propose New Way to Budget for Federal Buildings

Both lawmakers and administration officials have recently begun advocating for a different approach to funding long-term physical federal investments...
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Debt Clock
Oct 15, 2018 | Budgets & Projections

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...
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Concept_Scale
Oct 9, 2018 | Budgets & Projections

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...
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Concept_DC_Capitol Building_Money
Oct 1, 2018 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 10/1/2018: Congress has passed and the President has signed bills containing five of 12 appropriations bills and a continuing resolution...
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Sep 28, 2018

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...
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concept_fiscal_new_year_confetti
Sep 28, 2018 | Budgets & Projections

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,...
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Concept_calculator
Sep 27, 2018 | Taxes

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...
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Concept_DC_Capitol Building
Sep 25, 2018 | Budget Process

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...
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Sep 24, 2018

CRFB 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...
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Concept_DC_Capitol Building
Sep 21, 2018 | Other Spending

Appropriations Watch: FY 2019

Last Updated 9/28/2018 A "minibus" of three bills (Energy & Water, Legislative Branch, and Military Construction & VA) was conferenced, and...
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Sep 21, 2018 | Taxes

No, Really, Tax Revenue Has Not Risen

At the Economic Club in New York earlier this week, White House National Economic Council Director Larry Kudlow claimed that “revenues...are up...
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Concept_Budget
Sep 18, 2018 | Budgets & Projections

The Progressive Caucus FY 2019 "People's Budget"

The Congressional Progressive Caucus (CPC) released its “The People’s Budget: A Roadmap for the Resistance” for Fiscal Year (FY) 2019, which calls...
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Concept_Debt
Sep 13, 2018 | Health Care| Taxes

House to Consider Another $59 Billion of Tax Cuts

The House will likely consider a package of health-related tax cuts this week, separate from the permanent extension of the 2017 tax...
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Concept_calculator
Sep 12, 2018 | Taxes

Tax Cut Extensions Would Cost $657 Billion

The House Ways and Means Committee on Monday released three bills they are dubbing "Tax Reform 2.0." The biggest of these bills would extend many of...
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Concept_Health Care_RX Bottles
Sep 6, 2018 | Health Care

CMS Takes Some Steps to Improve Medicare Payments

Over the past two months, the Center for Medicare and Medicaid Services (CMS) has proposed or issued several new rules aimed at reducing costs and...
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Concept_DC_Capitol Building
Aug 31, 2018 | Budget Process

We Need Functional, Not Budget-Busting, Bipartisanship

The House and Senate appear to be moving through the appropriations process better and faster than any time in at least the last nine years. Congress...
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