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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.

Budgeting through Footnotes

 This morning, Lori Montgomery of the Washington Post reported on the decision of the Obama administration to incorporate $85 billion in tax...

Constructing a "Current Policy" Baseline

Today, US Budget Watch released The Cost of “Current Policy”. In this analysis, we show that, while deeply troublesome, CBO’s $7.1...
Sep 2, 2009 | Budgets & Projections

The Ups and Downs of Buttressing the Economy

Yesterday, the Wall Street Journal posted an article discussing the FDIC’s soon-to-be urgent need to draw money from its $500 billion Treasury...

Pandering to Seniors

Responsible budgeting is always challenging – but it is particularly so when the discussion centers on certain “third rail" issues...
Aug 31, 2009

Wash Post and FT Call For Medium-Term Deficit Reduction Plan

Recently, both the Washington Post (Bad-News Budget) and the Financial Times (Fiscal Challenges for a Recovering US) have written excellent...
Aug 30, 2009 | Budgets & Projections

So What Will the Deficit Really Be?

Last week, the Congressional Budget Office (CBO) released its updated Budget and Economic Outlook and the Office of Management and Budget (OMB) ...
Aug 26, 2009

NewsHour Budget Segment

MacGuineas, Guha, and Wessel on the NEWSHOUR, on the reappointment of Bernanke and the new budget numbers.
Aug 26, 2009 | Budgets & Projections

Put Another $2 Trillion on the Tab

CRFB released this report on OMB's Mid-Session Review. (We will soon release a more detailed analysis.) CBO provides a comparison chart between OMB...
Aug 24, 2009 | Budgets & Projections

OMB's Mid-Session Review Will Show Greater Ten-Year Deficits

Late Friday the White House conceded that ten-year deficits would total around $9 trillion, according to their estimates. This is $2 trillion greater...
Aug 24, 2009

Bernanke at Jackson Hole

The Fed is holding its annual summer retreat at Jackson Hole, Wyoming, which features Fed officials and outside experts discussing the critical...