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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.

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Apr 20, 2018 | Taxes| Economics

Is CBO "Always Wrong" Because It Doesn't Understand Growth?

In dismissing projected trillion-dollar deficits, National Economic Council director Larry Kudlow recently claimed that one should "never believe the...
Apr 20, 2018 | Budget Process

Goldwein and Moller: How Congress Cheats with Our Money — and How We Can Stop It

Marc Goldwein is senior vice president and director of policy and Zach Moller is a senior policy analyst at the Committee for a Responsible Federal...
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Apr 19, 2018 | Budgets & Projections

IMF: US is the Only Advanced Economy With Debt Rising

The International Monetary Fund (IMF) issued a new report yesterday projecting that debt as a share of GDP will decline over the next five years for...
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Apr 19, 2018 | Budgets & Projections

What If Interest Rates Are 1 Point Higher? $1.9 Trillion in Extra Costs

Interest costs are the fastest growing part of the budget, with the Congressional Budget Office (CBO) projecting interest payments will more than...
Apr 16, 2018 | Budgets & Projections

More Than Half of Next Year's Deficit is Congress's Fault

The budget deficit will approach the trillion-dollar mark next year, according to recent projections from the Congressional Budget Office (CBO). Well...
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Apr 12, 2018 | Budgets & Projections

Balancing the Budget Would Take $7 Trillion to $10 Trillion in Savings

The worsening budget outlook means that meeting certain fiscal goals is now much more difficult than it was previously. We estimate that balancing...
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Apr 12, 2018 | Budgets & Projections

Debt Could Reach Record Levels in a Decade

The Congessional Budget Office's (CBO) latest budget projections released this week show how much worse recent legislation has made the fiscal...
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Apr 11, 2018 | Budgets & Projections

Factchecking the Senate Budget Committee Hearing with CBO

At least two claims in Wednesday's Senate Budget Committee hearing with Congressional Budget Office (CBO) Director Keith Hall merit fact checking....
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Apr 9, 2018 | Budgets & Projections

New From CBO: Trillion-Dollar Deficits Will Return In Two Years

The Congressional Budget Office (CBO) just released its latest baseline projections – the first since last June and the first to incorporate the...
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Apr 6, 2018 | Budgets & Projections

Baseline 101: Anticipating CBO's Updated Budget Outlook

The Congressional Budget Office (CBO) will release its 2018 Budget and Economic Outlook on April 9, which is likely to project sustained trillion-...
Apr 6, 2018 | Other Spending

Did the Last Farm Bill Really Save $100 Billion?

The 2014 farm bill is set to expire on September 30, at which point lawmakers will need to renew and perhaps reform farm subsidy and nutrition...
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Apr 5, 2018 | Other Spending

The Omnibus Spent More than Either Side Asked For

The Bipartisan Budget Act of 2018 (BBA) increased this year's discretionary spending caps by a whopping $143 billion, paving the way for a 13 percent...
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Mar 29, 2018 | Budgets & Projections

Omnibus Spends $110 Billion Above New Budget Caps

Last week's omnibus spending bill enacted a 13 percent increase in base appropriations, spending virtually all of the additional $143 billion allowed...
Mar 29, 2018 | Budget Process

House Budget Committee Concludes CBO Oversight Series

The House Budget Committee held its final hearing in its series on oversight of the Congressional Budget Office (CBO) on March 14. Committee for a...
William Hoagland
Mar 26, 2018 | Budget Process

William Hoagland: Congress Faces Challenging Times for American Fiscal Responsibility

G. William Hoagland is Senior Vice President at the Bipartisan Policy Center and member of the Committee for a Responsible Federal Budget. He...
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Mar 23, 2018 | Other Spending

Appropriations Watch: FY 2018

Last updated 3/23/2018. Congress has completed action on omnibus appropriations legislation. The House and Senate passed the omnibus bill, and...
Rudolph Penner
Mar 22, 2018 | Budget Process

Rudolph Penner: Instead Of Seeking Budget Process Reforms, Congress Should Cut Spending And Raise Taxes

Dr. Rudolph Penner was the director of the Congressional Budget Office from 1983 to 1987, and he is an Institute Fellow at the Urban ...
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Where Does the Higher Spending in the Omnibus Go?

Policymakers recently announced an omnibus appropriations bill to fund the government for the remaining six months of Fiscal Year 2018. The bill...
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Mar 21, 2018 | Budgets & Projections

Rising Rates Could Further Balloon Interest Spending

The Federal Open Market Committee just announced its decision to further raise the federal funds rate by 0.25 percentage points to 1.5-1.75 percent....
Maya MacGuineas
Mar 16, 2018 | Budgets & Projections

Maya MacGuineas: America's Debt Crisis is Coming – Interest Payments Will Hit a Trillion Dollars a Year

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...

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