Sep 16, 2020 | Other Spending
COVID Relief Includes $360 Billion of State and Local Aid
Most state and local governments are experiencing substantial revenue losses and new spending needs as a result of the COVID-19 pandemic and...
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.
CBO Projects Major Trust Fund Exhaustions on the Horizon
A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources...
Sep 10, 2020 | Other Spending
$2.2 of $4 Trillion in Fiscal Relief is Out the Door
We update our interactive COVID Money Tracker tool every week to reflect new COVID...
Sep 2, 2020 | Budgets & Projections
CBO Projects Debt Will Reach New Record
The Congressional Budget Office (CBO) just released its updated Budget Outlook, showing...
Sep 1, 2020 | Other Spending
How Much COVID Relief Have Public and Private Schools Received?
At least $42 billion has been committed or disbursed to the education sector from COVID relief legislation. We estimate:
About...
Aug 27, 2020 | Taxes
Would Joe Biden Significantly Raise Taxes on Middle Class Americans?
During the 2020 Republican National Convention, several speakers claimed that Democratic nominee and former Vice President Joe Biden would...
Aug 27, 2020 | Budget Process
Pairing Debt Limit Reform with Budget Goals
The Committee for a Responsible Federal Budget has long called for Congress to establish fiscal targets and reform the debt limit...
Aug 26, 2020 | Health Care
$412 Billion in COVID Funds Are Earmarked for the Health Industry
Our state-of-the-art interactive COVID Money Tracker tool can be used to see that at least $412 billion of COVID releif funds have been...
Aug 25, 2020 | Economics
Janet Yellen and Jared Bernstein: The Senate Is on Vacation While Americans Starve
Janet Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, a former Chair of the...
Aug 17, 2020 | Other Spending
Welcome to the New COVID Money Tracker
The Committee for a Responsible Federal Budget is excited to announce the launch of our interactive COVID Money Tracker tool.
The COVID Money...
Aug 16, 2020 | Other Spending
How Much COVID Relief Has Been Spent So Far?
Our brand new, state-of-the-art interactive COVID Money Tracker tool follows every dollar...
Aug 8, 2020 | Other Spending
How Much Would President Trump's Executive Orders Cost?
President Trump signed four memos and executive orders this afternoon increasing unemployment benefits, deferring payroll taxes, extending...
Aug 7, 2020 | Other Spending
Comparing the Heroes and HEALS Acts
As lawmakers formulate the next round of fiscal relief to fight the COVID-19 public health and economic crisis, two pieces of legislation have...
Aug 6, 2020 | Other Spending
How Much Have States Spent from the Coronavirus Relief Fund?
The Coronavirus Aid, Recovery, and Economic Security (CARES)...
Jul 31, 2020 | Other Spending
Appropriations Watch: FY 2021
Congress began preliminary appropriations work for Fiscal Year (FY) 2021 in March and started marking up individual appropriations bills in...
Jul 30, 2020 | Economics
Did GDP Fall by One-Third?
In their reporting on the Bureau of Economic Analysis's (BEA) second quarter Gross Domestic Product (GDP) ...
Jul 30, 2020 | Budgets & Projections
Dave McCurdy: Horn leading the way on fixing nation's budget
Dave McCurdy is a former Democratic member of Congress representing Oklahoma’s 4th District and member of the Committee for a Responsible...
Jul 29, 2020 | Other Spending
What's in the $1.1 Trillion HEALS Act?
The Senate recently introduced the Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act designed to further address the...
Jul 28, 2020 | Budget Process
Explaining the TRUST Act: Just the FAQs
As the COVID-19 recession continues, Congress is debating additional fiscal support, economic...
