Committee for a Responsible Federal Budget
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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.

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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...
Jan 11, 2021 | Taxes| Economics

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...
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Jan 8, 2021 | Economics

What's in the December Jobs Report

The Bureau of Labor Statistics this morning released its monthly jobs report which...
Jan 7, 2021 | Other Spending| Economics

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...
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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...
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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...
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Dec 28, 2020 | Other Spending

Appropriations Watch: FY 2021

Updated 12/28/2020: The House passed a combined omnibus appropriations bill and COVID-19 relief package on Monday, Dec. 21 by votes of 327 to 85 and...
Dec 24, 2020 | Other Spending| Economics

The Response & Relief Act Would Support the Economic Recovery

President Trump is yet to sign the year-end bill that contains the Coronavirus Response & Relief Supplemental Appropriations Act and...
Dec 24, 2020 | Other Spending

The Response & Relief Act Would Boost Income To Record Levels

Unlike in past recessions, personal income has grown during the current crisis as a result of the aggressive...
Dec 23, 2020 | Taxes

Omnibus Package Includes $135 Billion of Unrelated Tax Breaks

The omnibus package includes government funding for the rest of fiscal year 2021 and...
Dec 22, 2020 | Other Spending

The Fiscal Response to COVID-19 Will be Larger than the Great Recession Response

The Coronavirus Response & Relief Supplemental Appropriations Act has been passed by Congress and awaits the President's signature. ...
Dec 21, 2020 | Economics

What's in the Final COVID Relief Deal of 2020?

Lawmakers passed a new COVID relief deal on December 21, 2020, which was subsequently signed into law by the President on December 27. The...
Dec 18, 2020 | Other Spending

Maya MacGuineas Joins Fox News to Discuss Student Debt Cancellation

Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Fox News to discuss calls for student debt...
Dec 17, 2020 | Other Spending

Maya MacGuineas Joins Fox Business to Discuss the $900 Billion COVID Fiscal Package

Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Fox Business to discuss the nearly $900 billion...
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Dec 16, 2020 | Budget Process

Tim Penny, Charlie Stenholm, Dave McCurdy, and John Tanner: Stop congressional disorder with regular order

Tim Penny is co-chair and Charlie Stenholm, Dave McCurdy, and John Tanner are members of the Committee for a Responsible Federal...

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