Feb 1, 2021 | Economics
America Faces a $380 Billion Output Gap
Today's economic projections from the Congressional Budget Office (CBO) show...
Blog
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 29, 2021 | Other Spending
Mitch Daniels: We were right to worry about the nation’s fiscal future
Mitch Daniels, co-chair of the Committee for a Responsible Federal Budget, recently wrote an...
Jan 29, 2021 | Other Spending
Biden Campaign Plan Offers Menu of Offsets
With Democratic majorities in the House and Senate, President Joe Biden has taken office with a real opportunity to advance new spending...
Jan 28, 2021 | Economics
What Do Today's GDP Numbers Tell Us About the Output Gap?
The Bureau of Economic Analysis today released its advanced estimates...
Jan 27, 2021 | Other Spending
What’s New in COVID Money Tracker?
This week we updated COVID Money Tracker with all of the major provisions from the $915 billion...
Jan 27, 2021 | Other Spending
How Much COVID Relief Money Is Left?
Note: Data updates on February 3, 2021 reduce the difference between legislative amount allowed and committed/disbursed from $1.3 trillion to...
Jan 15, 2021 | Budget Process
Blue Dog Coalition Argues Against Misuse of New PAYGO Exemptions
The House of Representatives began the 117th Congress with a new rules package – ...
Jan 14, 2021 | Other Spending
Biden to Unveil $1.9 Trillion COVID Response Plan
Note: We have published an ...
Jan 13, 2021 | Other Spending
Maya MacGuineas Joins CNN Business to Discuss COVID Relief and Deficits
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNN business to discuss why some level of deficit...
Jan 12, 2021 | Budget Process
Select Committee on the Modernization of Congress Extended
The House voted last week on a rules package that extended the House Select Committee on the Modernization of Congress (SCMC) through the...
Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping...
Jan 8, 2021 | Other Spending
Four-Fifths of Stimulus Checks Have Been Sent
In the first three days of distributing the second round of stimulus checks approved by Congress in the...
Jan 8, 2021 | Economics
What's in the December Jobs Report
The Bureau of Labor Statistics this morning released its monthly jobs report which...
Breaking Down $3.4 Trillion in COVID Relief
With the passage of the Response & Relief Act, Congress has now allocated nearly $4 trillion of COVID relief at a net cost of over $3.4...
Jan 5, 2021 | Economics
Maya MacGuineas Joins Fox Business to Fiscal Policy After Georgia Senate Runoffs
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Fox Business to discuss what the political and economic...
Jan 5, 2021 | Budgets & Projections
2021 Deficit On Course to Hit $2.3 Trillion
In light of the enactment of the year-end spending and COVID relief deal, we estimate the deficit will total $2.3 trillion for Fiscal Year (FY) 2021...
Jan 4, 2021 | Other Spending
Maya MacGuineas Joins CNN to Discuss Healing Political Divisions
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNN to discuss how President-Elect Joe Biden can...
Dec 31, 2020 | Budgets & Projections
Our Top 20 Charts of 2020
2020 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This...
Dec 30, 2020 | Other Spending
Would $2,000 Stimulus Checks Go to Six-Figure Households?
The House approved the CASH Act Monday to increase recently enacted stimulus checks from $600 to $2,000 per person. Some of those...
Dec 28, 2020 | Other Spending
How Much Would $2,000 Checks Cost?
With the enactment of the Response & Relief Act yesterday, policymakers in both parties have called for expanding recovery rebates from $600...
