Committee for a Responsible Federal Budget
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Blog | January 2019

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.
Jan 30, 2019 | Budgets & Projections

CBO: Debt-to-GDP Will Double in Three Decades

CBO’s latest baseline projected that current law debt will rise rapidly from today’s post-war record-high levels over the next decade. Buried...
Jan 29, 2019 | Economics

Erskine Bowles: Americans are being left behind. Here's how we fix it.

Erskine Bowles served as chief of staff to President Bill Clinton from 1997 to 1998 and is a member of the Committee for a Responsible Federal Budget...
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Jan 28, 2019 | Budgets & Projections

CBO Budget Projections Show Bleak Outlook

The Congressional Budget Office (CBO) has released its 2019 budget and economic projections, and the budget outlook is very bleak. CBO's baseline...
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Jan 25, 2019 | Economics

The Longest Shutdown Has Hit Consumer Sentiment the Hardest

It's not just the economy that's taken a hit from the partial shutdown of the government. Consumer confidence has taken a dip as well, falling more...
Jan 24, 2019 | Budget Process

A (Very Small) PAYGO Sequester is Scheduled To Happen

Small automatic cuts may be coming soon because Congress added to deficits last year. An $800 million (0.1 percent cut) was supposed to go into...
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Jan 24, 2019 | Economics

The Government Shutdown Could Wipe Out Recent Stimulus Effects on This Quarter

The current government shutdown has lasted long enough to temporarily erase all the positive stimulus effects of recent major legislation. ...
Jan 22, 2019 | Economics

The Shutdown's Economic Toll Equals the Average Hurricane

The current government shutdown is the economic equivalent of a self-imposed natural disaster. As the 32nd day of the longest government shutdown in...
Jan 17, 2019 | Budget Process

Ernst, Lankford, and Perdue Introduce The "No Budget, No Recess" Act

Senator Joni Ernst (R-IA), along with Senators Lankford (R-OK) and Perdue (R-GA), today introduced the "No Budget, No Recess" Act." The legislation...

CBO: Fixing the Debt Could Increase Average Income by $6,000 Per Person

While some recent commentators have suggested Americans stop worrying about our debt, evidence shows there is a significant upside to addressing...
Jan 2, 2019 | Budget Process

Budget Changes in Proposed House Rules

House Democrats are proposing a package of rules to govern the House of Representatives in the 116th Congress. The package contains many...