Feb 26, 2018 | Budget Process
WATCH: The Better Budget Process Summit
On February 26, the Committee for a Responsible Federal Budget hosted the first annual Better Budget Process Summit. This year’s summit featured an...
Blog | February 2018
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.
Does the President's Budget Slash Social Security and Medicare?
Several lawmakers have claimed that President Trump's latest budget would "slash," "gut," and "devastate" Social Security, Medicare, and Medicaid. It...
Feb 15, 2018 | Budgets & Projections
Debt Could Be 20 Percent of GDP Higher than President's Budget Claims
The Congressional Budget Office (CBO) typically publishes its own estimate of the President's budget about a month after the budget's initial release...
Feb 14, 2018 | Budget Process
A Short Primer on the Congressional Budget Office
With the House and Senate recently undergoing oversight hearings of the Congressional Budget Office (CBO), it's helpful to remember what CBO is and...
Feb 12, 2018 | Budgets & Projections
An Overview of the President's FY 2019 Budget
Moments ago, President Trump released his Fiscal Year (FY) 2019 budget proposals, outlining his tax and spending proposals for the next decade.
We...
Feb 9, 2018 | Budget Process
MacGuineas to Senate Subcommittee: Budget Process Reform Needed
The Senate Homeland Security and Governmental Affairs Subcommittee on Federal Spending Oversight and Emergency Management held a hearing on Tuesday,...
Bipartisan Budget Act Means the Return of Trillion-Dollar Deficits
Lawmakers have passed a budget deal that will increase deficits by $320 billion over a decade or almost $420 billion with interest and sets the stage...
Feb 8, 2018 | Other Spending
Budget Deal Would Bust Original BCA Caps
The budget deal currently being considered by Congress would increase discretionary spending caps over the next two years by $165 billion for defense...
Budget Deal Could Ultimately Add $2 Trillion in Debt
The budget deal lawmakers have agreed to would increase discretionary spending above and beyond repeal of the sequester and the caps set in law under...
Feb 8, 2018 | Budgets & Projections
CBO Finds Budget Deal Will Cost $320 Billion
The Congressional Budget Office has released a series of estimates for the budget deal announced yesterday. The deal would add $320 billion to...