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.

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...
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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...
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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...

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