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Blog | March 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.
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Mar 23, 2018 | Other Spending

Appropriations Watch: FY 2018

Last updated 3/23/2018. Congress has completed action on omnibus appropriations legislation that was released Wednesday night. The House passed...
Rudolph Penner
Mar 22, 2018 | Budget Process

Rudolph Penner: Instead Of Seeking Budget Process Reforms, Congress Should Cut Spending And Raise Taxes

Dr. Rudolph Penner was the director of the Congressional Budget Office from 1983 to 1987, and he is an Institute Fellow at the Urban ...
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Where Does the Higher Spending in the Omnibus Go?

Policymakers recently announced an omnibus appropriations bill to fund the government for the remaining six months of Fiscal Year 2018. The bill...
Mar 21, 2018 | Budgets & Projections

Rising Rates Could Further Balloon Interest Spending

The Federal Open Market Committee just announced its decision to further raise the federal funds rate by 0.25 percentage points to 1.5-1.75 percent....
Maya MacGuineas
Mar 16, 2018 | Budgets & Projections

Maya MacGuineas: America's Debt Crisis is Coming – Interest Payments Will Hit a Trillion Dollars a Year

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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Mar 15, 2018 | Budget Process

Budget Process Reform Options

With the appointment of the Joint Select Committee on Budget and Appropriations Process Reform, focus is rightfully on how to fix our...
Mar 15, 2018 | Budgets & Projections

Interest Spending Is On Course to Quadruple

The fastest growing part of the federal budget is interest on the debt – payments made to service previous borrowing. While interest had already...
Mar 14, 2018 | Taxes

WATCH: MacGuineas Testifies Before Ways & Means Tax Policy Subcommittee

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, testified before the House Ways and Means Tax Policy Subcommittee on...
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Mar 13, 2018 | Budgets & Projections

WATCH: MacGuineas Testifies Before House Budget Committee

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, testified before the House Budget Committee on CBO Oversight on...
Mar 13, 2018

Maya MacGuineas to Testify Before Two Congressional Committees on Wednesday

Committee for a Responsible Federal Budget president Maya MacGuineas will testify before two House Committees on Wednesday, March 14 on two important...