Committee for a Responsible Federal Budget

COVID Pandemic

CBO Releases Interim Economic Projections

The Congressional Budget Office (CBO) has released a new set of economic projections for 2020 and 2021 showing a sharp economic contraction during...
May 15, 2020 | Blog Paper Press Release | Taxes

75% of Economic Impact Payments Have Been Paid So Far

The $1.7 trillion CARES Act included an estimated $293 billion for direct payments to individuals, officially deemed “Economic Impact Payments...

Fed Mortgage-Backed Security Purchases Reached a New Record

The Federal Reserve purchased nearly $180 billion in Mortgage-Backed Securities (MBS) last week, more than any week in history — including...

COVID Response: How Much Money Has Been Made Available So Far?

The fiscal and monetary policy response to the COVID-19 pandemic and subsequent economic crisis has been both swift and substantial.

Is the Fed Buying Our New Debt?

So far, the legislative response to the COVID-19 pandemic has injected around $1.5 trillion of fiscal support into the economy. In combination...

The $6 Trillion Dollar Question – Who Will Buy Our Debts?

The current economic crisis and extraordinary economic interventions to combat it will mean substantial new borrowing on top of an already precarious...

Join Us on Giving Tuesday to Help Those in Need

As the country continues to combat COVID-19, the Committee for a Responsible Federal Budget is coming to you with a unique request.

Treasury Will Borrow $3 Trillion in Just Three Months

The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in borrowing, as the...

Maya MacGuineas Joins C-SPAN to Discuss Coronavirus and Federal Debt

Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on C-SPAN's Washington Journal.

COVID Money Tracker: Paycheck Protection Program

The Paycheck Projection Program (PPP) was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small businesses...

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