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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.

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...
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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...
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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....
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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...
Maya MacGuineas
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...
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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...
Oct 17, 2018 | Budgets & Projections

Riedl Proposes Debt Reduction Plan

Brian Riedl, a senior fellow at the Manhattan Institute, recently released a budget plan to stabilize debt over the long term. The plan proposes...
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Oct 16, 2018 | Other Spending

OMB and Congress Propose New Way to Budget for Federal Buildings

Both lawmakers and administration officials have recently begun advocating for a different approach to funding long-term physical federal investments...
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Oct 15, 2018 | Budgets & Projections

Treasury: 2018 Deficit was $779 Billion

The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113...
Oct 9, 2018 | Budgets & Projections

CBO Shows $782 Billion Deficit for FY 2018

Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...