Feb 20, 2020 | Budgets & Projections
Debt Will Likely Rise, Not Fall, Under the President's Budget
According to the Office of Management and Budget (OMB), the President’s Fiscal Year (FY) 2021 budget would reduce debt from 80 percent of Gross...
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.
Feb 12, 2020 | Other Spending
Bill Advances to Combat Improper Payments
Congress recently passed a bipartisan bill sponsored by Senator Tom Carper (D-DE) to improve efforts to identify and reduce improper payments across...
Feb 12, 2020 | Budgets & Projections
Spending Has Increased $800 Billion Under President Trump
President Trump's Fiscal Year (FY) 2021 budget calls for about $3.2 trillion in net deficit reduction over the next decade by our estimate, including...
Feb 12, 2020 | Budgets & Projections
Interest Costs Will More Than Double Over the Next Decade
The Congressional Budget Office's (CBO) latest budget projections show interest on the national debt remains the fastest growing category of the...
The President's Budget Saves Medicare $600 Billion While Reducing Out-of-Pocket Costs
Last year, numerous politicians and outlets repeated the false and misleading claim that the President’s FY 2020 budget cut Medicare benefits by $845...
Feb 10, 2020 | Budgets & Projections
An Overview of the President’s FY 2021 Budget
Moments ago, President Trump released his Fiscal Year (FY) 2021 budget proposal, outlining his tax and spending proposals and their effects on the...
Amy Klobuchar’s Plan to “Govern with Fiscal Responsibility”
Democratic presidential candidate Senator Amy Klobuchar (D-MN) put forward a Plan for the Future of Work and a Changing Economy in December...
Feb 4, 2020
Play Debt-O During State of the Union 2020!
Tonight, President Donald Trump will give his third State of the Union Address at 9 p.m. EST. During the address, we will be live tweeting, providing...
Jan 31, 2020 | Budget Process
Senator Sinema Introduces Fiscal State of the Nation Resolution
This week, Senator Kyrsten Sinema (D-AZ), along with Senators Joni Ernst (R-IA), Jacky Rosen (D-NV), and Angus King (I-ME), introduced a...
Jan 31, 2020 | Other Spending
BPC Releases Recommendations on Reforming Federal Higher Education Support
The Bipartisan Policy Center (BPC) Task Force on Higher Education Financing and Student Outcomes recently released a report outlining 45...
Jan 31, 2020 | Budgets & Projections
GAO: Fiscal Sustainability Is a Growing Concern for Some Key Federal Trust Funds
Last week, the Government Accountability Office (GAO) released a report on the financial health of the nation’s federal trust funds. Requested by...
Jan 28, 2020 | Budgets & Projections
CBO's Budget Projections Show Deteriorating Fiscal Outlook
The Congressional Budget Office (CBO) just released its latest Budget and Economic Outlook, which shows trillion-dollar deficits returning...
Jan 22, 2020 | Other Spending
Have We Spent Trillions on Wars?
Presidential candidate Senator Bernie Sanders (I-VT) claimed at the presidential debate last week that the wars in the Middle East "have cost us...
Bipartisan, Bicameral Group Requests CBO to Include Debt Servicing Impact in Legislative Cost Estimates
Senator Mike Lee (R-UT) and Representatives Ed Case (D-HI) and Michael Cloud (R-TX), in a bipartisan and bicameral group of 68 lawmakers, this week...
Jan 17, 2020 | Economics
Kurt Couchman: When will cheap credit dry up?
Kurt Couchman is co-director of legislative strategy at the Committee for a Responsible Federal Budget. He recently wrote an ...
Jan 14, 2020 | Other Spending
Joe Biden's Preschool and K-12 Education Plan
Democratic presidential candidate and former Vice President Joe Biden has proposed his Plan for Educators, Students, and our Future focused on...
Jan 14, 2020
Watch: Bridging Our Divides: Confronting America’s Threat from Within
FixUS, a project of the Committee for a Responsible Federal Budget, hosted "Bridging Our Divides: Confronting America's Threat from Within," a public...
Jan 8, 2020 | Budgets & Projections
President Trump has Signed $4.7 Trillion of Debt into Law
Our US Budget Watch 2020 project analyzes, estimates, and explains the fiscal implications of proposals introduced during the presidential campaigns...
Jan 7, 2020 | Social Security
Support for TRUST Act Grows
The Time to Rescue United States Trusts Act, or the TRUST Act, was introduced last fall on a bipartisan basis in both chambers of Congress to...
Jan 7, 2020 | Budgets & Projections
Cassidy Criticizes Process and Results of Budget Deal
Senator Bill Cassidy (R-LA) in an op-ed in The Wall Street Journal a few weeks ago criticized last month's appropriations deal for both its...
