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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.

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...

Mitch Daniels, Co-Chair

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...

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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...

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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...

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