Jun 5, 2020 | Budget Process
House Members Promote a Bipartisan Framework for Budget Reforms
A bipartisan group of 60 lawmakers, led by Representatives Scott Peters (D-CA) and Jodey Arrington (R-TX), released a letter to House leadership this...
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.
Jun 3, 2020 | Other Spending
Maya MacGuineas Testifies at COVID-19 Fiscal Oversight Hearing
To ensure oversight of the trillions of dollars in economic relief authorized to fight the COVID-19 pandemic and resulting economic downturn, the...
May 28, 2020 | Other Spending
CBO Releases Options to Shore Up Highway Trust Fund
CBO recently published a report focused on options to address the impending insolvency of the Highway Trust Fund (HTF).
May 28, 2020 | Other Spending
An Update on the Paycheck Protection Program
The Paycheck Protection Program is one of the larger and most well-known initiatives that has been created to support small businesses during the...
May 28, 2020 | Other Spending
Charlie Stenholm: We will have to face rising national debt
Charlie Stenholm is a senior policy advisor at Olsson Frank Weeda, P.C., and a member of the Committee for a Resonsible Federal Budget.
May 27, 2020 | Other Spending
Eugene Steuerle: This is not your grandfather's debt problem
Now that the covid-19 crisis has produced predictions that we soon will reach a debt-to-GDP ratio previously seen only once before — during...
May 27, 2020 | Other Spending
What's in the $3 Trillion HEROES Act?
Updated on 6/3/2020 to reflect CBO's estimate of the HEROES Act.
May 26, 2020 | Budgets & Projections
Maya MacGuineas Joins Fox Business to Discuss Federal Debt Projections
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Mornings with Maria on Fox Business.
May 21, 2020 | Other Spending
Tim Penny: Pandemic-related federal aid: Make it fast, but also make it prudent
The reason to maintain fiscal order during a strong economy is to make room for a robust fiscal response during times of crisis.
Looking back, it’s...
May 20, 2020 | Economics
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 | 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...
May 15, 2020 | Other Spending
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...
Robert Reischauer and Charles Blahous: Letter from Former Trustees of Social Security and Medicare
The 2020 annual reports of the Social Security and Medicare trustees underscore the increasingly urgent need for legislative...
May 12, 2020 | Other Spending
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.
May 11, 2020 | Economics
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...
May 5, 2020 | Other Spending
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.
Apr 30, 2020 | Budgets & Projections
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.
Apr 30, 2020 | Other Spending
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...
Apr 29, 2020 | Other Spending
COVID Money Tracker: Airline Worker Support
Of the $2.2 trillion in fiscal support made available under the CARES Act, roughly $60 billion was allocated specifically to the airline...
Apr 24, 2020 | Budgets & Projections
CBO Updates Budget Projections In Wake of COVID-19
Today, the Congressional Budget Office (CBO) released a blog post outlining its latest projections of near-term federal debt and deficits in the wake...
