Committee for a Responsible Federal Budget
Concept_DC_Capitol Building

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 11, 2020 | Other Spending

Over Half the COVID Fiscal Support is Now Out the Door

In response to the current pandemic and economic crisis, Congress and the President have enacted $4 trillion in spending, benefit payments, grants...
Concept_DC_Capitol Building Sunrise
Jun 11, 2020 | Budgets & Projections

Senate Considering Debt-Increasing Parks Legislation

This week, the Senate will consider the Great American Outdoors Act. The bill seeks to address the backlog of maintenance on public lands in a...
Concept_Budget
Jun 10, 2020 | Budget Process

Correcting the Record on the Enzi-Whitehouse Budget Reforms

Prior to the COVID-19 public health and economic crisis, the Senate Budget Committee approved the Bipartisan Congressional Budget Reform Act....
Concept_calculator
Jun 10, 2020 | Budget Process

PAYGO Tracker: FY 2020

The first rule of getting out of a hole is to stop digging it deeper. With deficits and debt set to reach...
Jun 8, 2020 | Other Spending

Paycheck Protection Program Flexibility Act Signed Into Law

Last week, the President signed into law H.R. 7010, the Paycheck Protection Program Flexibility Act, which the House and ...
Concept_DC_Capitol Building
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...
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...
Spending_Transportation_Highway
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...
Charles Stenholm
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. He...
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. The House...
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. She...
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

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. We have...
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...

Pages