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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.
May 9, 2019 | Budgets & Projections

CBO Releases Its Own Estimate of the President's FY 2020 Budget

The Congressional Budget Office (CBO) has released its estimate of the President's FY 2020 budget. CBO finds that debt in the budget would be on an...
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May 8, 2019 | Taxes

Reviving Expired Tax Extenders Could Cost $150 Billion

For years, Washington has resigned itself to a patchwork of tax policy in place for one or two years at a time, allowing niche temporary...
May 8, 2019 | Budgets & Projections

The Republican Study Committee's FY 2020 Budget: Preserving American Freedom

The Republican Study Committee (RSC) has released its own budget proposal for Fiscal Year (FY) 2020, calling for $10.7 trillion in deficit reduction...
May 3, 2019 | Budgets & Projections

President's Budget Gets Serious About Cutting Waste, Fraud, and Abuse

Update: the tables in this post have been updated with estimates from CBO's analysis of the President's FY 2020 budget. CBO does not provide specific...
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May 2, 2019 | Budgets & Projections

CBO's Updated Baseline Shows Grim Outlook

Today, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and...
Apr 30, 2019 | Social Security

Social Security Shortfall Could Be Worse Than Reported

The 2019 Social Security Trustees Report estimates the program's trust funds face a 75-year actuarial shortfall of 2.78 percent of taxable payroll....

Watch: Unpacking the Social Security Trustees' Report

The Committee for a Responsible Federal Budget hosted a lunch and panel discussion today on Unpacking the Social Security Trustees' Report. You can...
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Apr 25, 2019 | Social Security

Social Security Will Start Spending Trust Fund Reserves Next Year

The 2019 Social Security Trustees' report reminded us that Social Security faces large and rising imbalances, projecting that the theoretically...
Apr 25, 2019 | Social Security

The Good News on Social Security: We Have More Time to Improve Disability Insurance

This week's Social Security Trustees' report warned that the program is on a path toward insolvency, with the theoretically combined trust fund set...
Apr 22, 2019 | Social Security

How Old Will You Be When Social Security's Funds Run Out?

The Social Security Trust Funds are on a path to run out. Use this tool to find out what you stand to lose unless Washington acts. If you're...