Nov 2, 2020 | Budget Process
GAO: Fiscal Targets Can Assist Deficit Reduction
The Government Accountability Office (GAO) recently published a report, The Nation’s Fiscal Health: Effective Use of Fiscal Rules and Targets. ...
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.
Nov 2, 2020 | Budgets & Projections
Maya MacGuineas: The national debt still matters, despite low interest rates
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 29, 2020 | Economics
GDP Did Not Just Increase 33%
Today's advanced third quarter GDP estimates from the Bureau of Economic Analysis are being reported as showing 33 percent economic growth. This...
Oct 27, 2020 | Budgets & Projections
A Closer Look at the Record $3.1 Trillion Deficit in FY 2020
The Treasury Department released its final Monthly...
Oct 22, 2020 | Economics
CBO Shows "Interest" in Greater Transparency
The Congressional Budget Office (CBO) took another step last week towards greater transparency when it published an...
Oct 22, 2020 | Budgets & Projections
Maya MacGuineas: Trump and Biden must answer critical budget questions
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 21, 2020 | Taxes
Factchecking Tax Claims in the 2020 Election
In recent days, President Trump and former Vice President Joe Biden have made several competing claims about the other's tax agenda. We...
Oct 21, 2020 | Budgets & Projections
Problem Solvers Release Budget Principles
Earlier this week, the Congressional Problem Solvers Caucus, a bipartisan group of pragmatic representatives led by Reps. Josh Gottheimer (D-NJ) and...
Oct 16, 2020 | Economics
IMF Report Underscores Need for Long-Term Deficit Reduction in U.S.
The International Monetary Fund (IMF) made news earlier this week when it issued...
Oct 15, 2020
Mike Murphy and Steve Richardson: Our bitter polarization won’t end with the election
Mike Murphy is the director of the Committee for a Responsible Federal Budget's FixUS initiative. He recently wrote an opinion piece...
Oct 15, 2020 | Other Spending
Update: COVID-Related State & Local Aid Will Total $280 Billion
Our update to COVID Money Tracker this week incorporated new Medicaid estimates from the Congressional Budget Office (CBO). These new...
Oct 9, 2020 | Budget Process
Congressional Caucus Rules Can Promote Better Budgeting
The rules establishing each party’s self-governance within Congress can affect federal budget practices. Changing them could improve the climate...
Oct 8, 2020 | Other Spending
Maya MacGuineas Joins CNBC to Discuss COVID Relief and Presidential Campaign Plans
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNBC. She joined the show to discuss the...
Oct 6, 2020 | Budgets & Projections
Maya MacGuineas: The debt is huge because Trump kept his promises
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 ...
Sep 21, 2020 | Budgets & Projections
CBO Releases 2020 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its 2020 Long-Term Budget Outlook,...
Sep 18, 2020 | Taxes
Maya MacGuineas Joins ABC News Live to Discuss Payroll Tax Deferral
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on ABC News Live. She joined the show to discuss...
Sep 16, 2020 | Other Spending
COVID Relief Includes $360 Billion of State and Local Aid
This analysis has been updated based on new...
CBO Projects Major Trust Fund Exhaustions on the Horizon
A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources...
Sep 10, 2020 | Other Spending
$2.2 of $4 Trillion in Fiscal Relief is Out the Door
We update our interactive COVID Money Tracker tool every week to reflect new COVID...
Sep 2, 2020 | Budgets & Projections
CBO Projects Debt Will Reach New Record
The Congressional Budget Office (CBO) just released its updated Budget Outlook, showing...
