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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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It Would Take Nearly Unprecedented Economic Growth to Balance the Budget

Increased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation....
May 10, 2018 | Other Spending

Explaining the House Farm Bill

The 2014 farm bill expires on September 30, which means policymakers have less than five months to pass a new one. The House Agriculture Committee...
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May 9, 2018 | Other Spending

What's in the President's Rescission Request?

Update: CBO released an estimate of the effect of the CHIP rescission on outlays and coverage. CBO estimates that the proposed rescission would not...
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May 8, 2018 | Budget Process

A Conversation with CBO Director Keith Hall

The Committee for a Responsible Federal Budget and our partners at the Campaign to Fix the Debt hosted a conference call conversation with Dr. Keith...
May 7, 2018 | Other Spending

Multiemployer Pensions: The Next Source of Budget-Busting Legislation?

The newly-created Joint Select Committee on Solvency of Multiemployer Plans is tasked with crafting legislation to improve the finances of the nation...
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May 4, 2018 | Budgets & Projections

Mandatory Spending Makes Up the Bulk of Spending Growth

Over four-fifths of the growth in nominal spending over the next decade is driven by Social Security, federal health programs, and interest on the...

Rescissions, How Do They Work?

Recent press reports have indicated that the Trump Administration is looking to use a process known as rescission to cut spending from the recent...
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May 1, 2018 | Budget Process

Judd Gregg: Fixing the unfixable — the federal budget

Judd Gregg, a former Republican senator from New Hampshire, served as chairman of the Senate Budget Committee from 2005 to 2007 and ranking...
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Apr 30, 2018 | Budgets & Projections

A "Cheat Sheet" to Our Recent Work on Debt

Over the past month, we've been explaining different elements of CBO's recent budget outlook. Below is a summary of our recent work. Decade of...
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Apr 27, 2018 | Budgets & Projections

Republican Study Committee Releases FY 2019 Budget

While the House and Senate Budget Committees have yet to release a budget for FY 2019, the Republican Study Committee (RSC) has released its own...
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Apr 26, 2018 | Budgets & Projections

Budget Barometer: 6 Key Debt Numbers

A good way to judge the national debt is as a share of the overall economy (or GDP). Based on the latest figures from the Congressional Budget...

CBO Sees Major Trust Fund Exhaustions On The Horizon

The Congressional Budget Office estimates that three major trust funds will deplete their reserves within the next ten years, with a fourth...
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Apr 24, 2018 | Budgets & Projections

Interest Spending is on Course to Triple

According to CBO's latest projections, the rising cost of interest on the debt is a significant driver of growing deficits and debt. In this...
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Apr 23, 2018 | Budgets & Projections

Debt Could be Twice the Size of the Economy by Mid-Century

The Congressional Budget Office's (CBO) recent ten-year budget projections show that debt is on course to exceed the size of the economy in just...
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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 senior policy director and Zach Moller is a senior policy analyst at the Committee for a Responsible...
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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...
Maya MacGuineas
Apr 13, 2018 | Budgets & Projections

Maya MacGuineas: Welcome to the woeful world of free-lunch economics

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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