Committee for a Responsible Federal Budget
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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.
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 for fourth quarter Gross Domestic Product (GDP). The report showed that...
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 billion1 in COVID relief provisions in December’s...
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 $1.1...
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 – H.Res.8. The package maintains the House Pay-As-You-Go (...
Jan 14, 2021 | Other Spending

Biden to Unveil $1.9 Trillion COVID Response Plan

Note: We have published an updated, more detailed breakdown of President Biden’s $1.9 trillion COVID response plan, compared alongside a $618 billion...
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 117th...
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 Response and Relief Act, the Treasury...
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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 showed a net loss of 140,000 jobs during the month of December....

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