Oct 16, 2020 | Economics
IMF Report Underscores Need for Long-Term Deficit Reduction in U.S.
The International Monetary Fund (IMF) made news earlier this week when it issued...
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.
Oct 15, 2020
Mike Murphy and Steve Richardson: Our bitter polarization won’t end with the election
Mike Murphy is the director of the Committee for a Responsible Federal Budget's FixUS initiative. He recently wrote an opinion piece...
Oct 15, 2020 | Other Spending
Update: COVID-Related State & Local Aid Will Total $280 Billion
Our update to COVID Money Tracker this week incorporated new Medicaid estimates from the Congressional Budget Office (CBO). These new...
Oct 9, 2020 | Budget Process
Congressional Caucus Rules Can Promote Better Budgeting
The rules establishing each party’s self-governance within Congress can affect federal budget practices. Changing them could improve the climate...
Oct 8, 2020 | Other Spending
Maya MacGuineas Joins CNBC to Discuss COVID Relief and Presidential Campaign Plans
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNBC. She joined the show to discuss the...
Oct 6, 2020 | Budgets & Projections
Maya MacGuineas: The debt is huge because Trump kept his promises
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an ...
Sep 21, 2020 | Budgets & Projections
CBO Releases 2020 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its 2020 Long-Term Budget Outlook,...
Sep 18, 2020 | Taxes
Maya MacGuineas Joins ABC News Live to Discuss Payroll Tax Deferral
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on ABC News Live. She joined the show to discuss...
Sep 16, 2020 | Other Spending
COVID Relief Includes $360 Billion of State and Local Aid
This analysis has been updated based on new...
CBO Projects Major Trust Fund Exhaustions on the Horizon
A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources...
Sep 10, 2020 | Other Spending
$2.2 of $4 Trillion in Fiscal Relief is Out the Door
We update our interactive COVID Money Tracker tool every week to reflect new COVID...
Sep 2, 2020 | Budgets & Projections
CBO Projects Debt Will Reach New Record
The Congressional Budget Office (CBO) just released its updated Budget Outlook, showing...
Sep 1, 2020 | Other Spending
How Much COVID Relief Have Public and Private Schools Received?
At least $42 billion has been committed or disbursed to the education sector from COVID relief legislation. We estimate:
About...
Aug 27, 2020 | Taxes
Would Joe Biden Significantly Raise Taxes on Middle Class Americans?
During the 2020 Republican National Convention, several speakers claimed that Democratic nominee and former Vice President Joe Biden would...
Aug 27, 2020 | Budget Process
Pairing Debt Limit Reform with Budget Goals
The Committee for a Responsible Federal Budget has long called for Congress to establish fiscal targets and reform the debt limit...
Aug 26, 2020 | Health Care
$412 Billion in COVID Funds Are Earmarked for the Health Industry
Our state-of-the-art interactive COVID Money Tracker tool can be used to see that at least $412 billion of COVID releif funds have been...
Aug 25, 2020 | Economics
Janet Yellen and Jared Bernstein: The Senate Is on Vacation While Americans Starve
Janet Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, a former Chair of the...
Aug 17, 2020 | Other Spending
Welcome to the New COVID Money Tracker
The Committee for a Responsible Federal Budget is excited to announce the launch of our interactive COVID Money Tracker tool.
The COVID Money...
Aug 16, 2020 | Other Spending
How Much COVID Relief Has Been Spent So Far?
Our brand new, state-of-the-art interactive COVID Money Tracker tool follows every dollar...
Aug 8, 2020 | Other Spending
How Much Would President Trump's Executive Orders Cost?
President Trump signed four memos and executive orders this afternoon increasing unemployment benefits, deferring payroll taxes, extending...
