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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 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...
Economics Issue Area
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....
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...
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...
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...
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

Here is a link to the Appropriations Watch for FY 2019. Last updated 3/23/2018. Congress has completed action on omnibus...
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...
Mar 21, 2018 | Budgets & Projections

Rising Rates Could Further Balloon Interest Spending

Note (5/15/2018): This blog was published before CBO's April 2018 baseline, which provides official estimates of the amount of interest that...
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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Mar 15, 2018 | Budget Process

Budget Process Reform Options

With the appointment of the Joint Select Committee on Budget and Appropriations Process Reform, focus is rightfully on how to fix our...
Mar 15, 2018 | Budgets & Projections

Interest Spending Is On Course to Quadruple

The fastest growing part of the federal budget is interest on the debt – payments made to service previous borrowing. While interest had already...
Mar 14, 2018 | Taxes

WATCH: MacGuineas Testifies Before Ways & Means Tax Policy Subcommittee

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, testified before the House Ways and Means Tax Policy Subcommittee on...
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Mar 13, 2018 | Budgets & Projections

WATCH: MacGuineas Testifies Before House Budget Committee

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, testified before the House Budget Committee on CBO Oversight on...
Mar 13, 2018

Maya MacGuineas to Testify Before Two Congressional Committees on Wednesday

Committee for a Responsible Federal Budget president Maya MacGuineas will testify before two House Committees on Wednesday, March 14 on two important...