Representative Rouda Introduces Fiscal Responsibility & Long-Term Economic Security Act
While short-term borrowing and large deficits are necessary to fight the COVID-19 public health and economic crisis, policymakers will...
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...
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...
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....
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 ...
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...
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...
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 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...
