Feb 18, 2021 | Other Spending
What's in the $1.9 Trillion House COVID Relief Bill?
The House of Representatives is currently in the process of considering the next COVID relief bill. Nine of the 12 House committees have...
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.
Pell Program Faces Funding Cliff in 2026
The Congressional Budget Office projects the Pell program will deplete its reserve fund by 2026 and face cumulative deficits of $18 billion by...
Feb 17, 2021 | Other Spending
State and Local Governments Do Not Need Half a Trillion in COVID Relief
The American Rescue Plan currently making its way through Congress contains over $500 billion of aid to state and local governments. ...
Feb 16, 2021 | Budgets & Projections
CBO Releases New Long-Term Budget Projections
The Congressional Budget Office (CBO) released a new set of long-term budget projections...
Feb 12, 2021 | Budget Process
Case and Womack Reintroduce Sustainable Budget Act
This week, Representatives Ed Case (D-HI) and Steve Womack (R-AR) reintroduced the Sustainable Budget Act. The bill would create a...
Feb 12, 2021 | Other Spending
Voices Skeptical of the Size of $1.9 Trillion COVID Relief Plan
Congress is currently marking up a $1.9 trillion COVID relief package using budget reconciliation. While it's important to spend what is necessary...
Feb 11, 2021 | Budgets & Projections
CBO Releases New 10-Year Budget Projections
The Congressional Budget Office (CBO) just released its February 2021 Budget and Economic Outlook...
Feb 10, 2021 | Other Spending
President Biden's $1.9 Trillion COVID Plan vs. the GOP $618 Billion Plan: A Comparison
President Biden has proposed a $1.9 trillion “American Rescue Plan” for Congress to enact this spring as a COVID relief package. Last Monday, 10...
Feb 8, 2021 | Other Spending
Maya MacGuineas Joins CNN to Discuss COVID Relief Negotiations
Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on CNN's "At This Hour" to discuss the latest COVID...
Feb 3, 2021 | Economics
How Much Would the American Rescue Plan Overshoot the Output Gap?
The Congressional Budget Office (CBO) projected on Monday that the nation’s output gap – the difference between actual economic activity and...
Feb 2, 2021 | Economics
CBO Releases New 10-Year Economic Projections
Yesterday, the Congressional Budget Office (CBO) released a new set of ten-year economic...
Feb 1, 2021 | Economics
America Faces a $380 Billion Output Gap
Today's economic projections from the Congressional Budget Office (CBO) show...
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...
