Mar 8, 2010 | Budget Process
Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy:The New York Times called on Congress to do more to create...
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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.
Mar 8, 2010 | Budget Process
Past Uses of Reconciliation
In last week's backgrounder blog post on budget reconciliation, we said that the process has been used 22 times in the past, with the President...
Mar 5, 2010 | Budgets & Projections
CBO Releases its Preliminary Analysis of the President's Budget
This afternoon CBO released its preliminary analysis of the President’s Budget, projecting a significantly worse fiscal situation than the...
No Gimmicks? Really?
In a blog yesterday and op-ed today, OMB Director Peter Orszag defended the President's health care plan as reducing "deficits by roughly $100...
Mar 4, 2010 | Budgets & Projections
Monthly Budget Review Reports $655 billion deficit in FY 2010 Thus Far
The Congressional Budget Office issued its Monthly Budget Review yesterday. It estimates that the federal government incurred a deficit of $655...
Health Reform by Reconciliation: Maligned, Misunderstood, but Misused Is Up for Debate
Unable to pass health care reform using “regular order,” Congressional Democrats now are turning to much-misunderstood process...
Senate Falls One Vote Shy of Considering Sessions-McCaskill Spending Caps Amendment
The Senate has just voted to not waive a Budget Act point of order raised against the Sessions-McCaskill amendment (#3337) to the Senate...
Don't Circumvent PAYGO on Jobs Bill
The CBO released an updated cost estimate* of the Senate jobs bill yesterday. This larger bill calls for further increased funding for unemployment...
Constitutional Route Becoming Popular
Given the present economic and political climate, many are eying Constitutional changes to help improve the budget situation.In yesterday’s...
Mar 3, 2010 | Health Care
Health Care Cost Growth Will Hurt State Budgets Too
Yesterday GAO released its annual report on the fiscal outlook for state and local governments and the news is not good. GAO found that that...