House to Vote on $100 Billion Lame Duck Tax Package
The House will likely consider a package of lame duck tax cuts costing almost $100 billion over ten years. About half of the cost comes from...
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.
Dec 19, 2018 | Other Spending
What Happens in a Partial Government Shutdown?
Policymakers have until midnight on Friday to avoid a partial government shutdown.
Lawmakers have already passed full-year appropriations for...
Dec 19, 2018 | Budgets & Projections
Maya MacGuineas Testifies Before House Financial Services Committee
CRFB president Maya MacGuineas testified before the House Financial Services Committee on Thursday, December 20. The hearing, entitled "The Peril of...
Dec 13, 2018 | Budgets & Projections
CBO Releases Latest Budget Options Report
Today, the Congressional Budget Office (CBO) released its "Options for Reducing the Deficit, 2019-2028" report, featuring 121 policy options and...
Dec 13, 2018 | Economics
The Deficit Has Never Been This High When the Economy Was This Strong
This year, the budget deficit is projected to total about $970 billion – 4.6 percent of GDP – up from $666 billion (3.5 percent of GDP) in...
Dec 4, 2018 | Budgets & Projections
How Much Does the Government Really Owe?
When analyzing the fiscal health of the country, we often focus on federal government debt held by the public. Data published by USAFacts allows us...
Nov 30, 2018 | Budget Process
JSC Markup Amendment Tracker
November 30 Note: The Joint Select Committee on Budget and Appropriations Process Reform was unable to advance its legislation out of committee...
Nov 27, 2018
Support Us on #GivingTuesday
This #GivingTuesday, support the nonpartisan work of the Committee for a Responsible Federal Budget.
Your tax-deductible contribution will...
Nov 26, 2018 | Economics
Maya MacGuineas Discussed Rising Interest on NPR
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, discussed our deteriorating fiscal situation, including how the U.S....
Nov 9, 2018 | Health Care
Momentum for Lower Drug Prices Emerging
Policymakers have been quietly making progress on lowering drug prices in recent weeks. Most notably, the Department of Health and Human Services...
Nov 8, 2018 | Budgets & Projections
Beware the Budget Busters in the Lame Duck
The lame duck Congress will return to Washington with an important to-do list that includes either finishing the seven unfinished appropriation bills...
Nov 5, 2018 | Taxes
The Tax Bill Did Not Cause Revenue to Rise
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is...
Nov 2, 2018 | Budget Process
Resources and Recommendations for Joint Select Committee on Budget and Appropriations Process Reform
In February, the Bipartisan Budget Act of 2018 established the Joint Select Committee on Budget and Appropriations Process Reform (JSC) tasked with...
Nov 2, 2018 | Other Spending
A 5 Percent Discretionary Cut Still Provides Ample Spending
President Trump has asked each cabinet secretary to propose a plan to cut 5 percent of their agency's budget for next year. Assuming this...
Oct 26, 2018 | Economics
3rd Quarter Growth of 3.5 Percent is Good News, But Doesn't Reflect a Sustained Boost
The Bureau of Economic Analysis (BEA) today announced its initial estimate that the economy grew at a 3.5 percent annualized rate in the...
Oct 25, 2018 | Health Care
Marc Goldwein and Mark Litow: The fate of American health-care reform is on the ballot this November
Marc Goldwein is the senior vice president and senior policy director for the Committee for a Responsible Federal Budget, and Mark Litow is the...
WATCH: Budgeting for the Next Generation
The Committee for a Responsible Federal Budget will host a lunch and panel discussion on Budgeting for the Next Generation on Capitol Hill beginning...
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 ...
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...
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...
