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...
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.
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...
Jan 8, 2021 | Economics
What's in the December Jobs Report
The Bureau of Labor Statistics this morning released its monthly jobs report which...
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...
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...
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...
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...
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...
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...
