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...
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.
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...
May 11, 2020 | Economics
Is the Fed Buying Our New Debt?
So far, the legislative response to the COVID-19 pandemic has injected around $1.5 trillion of fiscal support into the economy. In combination...
May 5, 2020 | Other Spending
Join Us on Giving Tuesday to Help Those in Need
As the country continues to combat COVID-19, the Committee for a Responsible Federal Budget is coming to you with a unique request.
While...
Apr 30, 2020 | Budgets & Projections
Maya MacGuineas Joins C-SPAN to Discuss Coronavirus and Federal Debt
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on C-SPAN's Washington Journal. She discussed...
Apr 30, 2020 | Other Spending
COVID Money Tracker: Paycheck Protection Program
The Paycheck Projection Program (PPP) was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small businesses...
Apr 29, 2020 | Other Spending
COVID Money Tracker: Airline Worker Support
Of the $2.2 trillion in fiscal support made available under the CARES Act, roughly $60 billion was allocated specifically to the airline...
Apr 24, 2020 | Budgets & Projections
CBO Updates Budget Projections In Wake of COVID-19
Today, the Congressional Budget Office (CBO) released a blog post outlining its latest projections of near-term federal debt and deficits in the wake...
Apr 22, 2020 | Other Spending
What's in the Fourth Coronavirus Package?
The Senate yesterday passed the Paycheck Protection Program and Health Care...
Apr 22, 2020 | Social Security
Pre-COVID, Social Security and Medicare Faced Insolvency
The Social Security and...
Apr 21, 2020 | Economics
The COVID-19 Recession Is Unfolding Faster than the Great Recession – and So Is the Response
The current economic contraction caused by the novel coronavirus (COVID-19) pandemic appears to be larger than the Great Recession and is unfolding...
COVID Money Tracker: Policies Enacted Through August 14
The novel coronavirus (COVID) pandemic and resulting economic crisis has been met with an unprecedented policy response. Through legislative,...
Eugene Steuerle: Who Should Pay For The Economic Relief From The COVID-19 Crisis?
As Republicans and Democrats joined hands to provide the most recent of what might be several stages of relief from our national pandemic crisis,...
Apr 13, 2020 | Budgets & Projections
Budget Projections: Debt Will Exceed the Size of the Economy This Year
The United States entered the current public health and economic crisis facing high levels of debt and trillion-dollar deficits. Due to the...
Apr 9, 2020
Coronavirus (COVID-19) Resources Page
Information about the Coronavirus, the subsequent economic crisis, and response legislation is available from many different sites. We'...
Apr 7, 2020 | Economics
Bernie Sanders's Coronavirus Relief Package
Democratic presidential candidate Senator Bernie Sanders (I-VT) released his Priorities for the Next Coronavirus Relief Package, a plan to build on...
Apr 7, 2020 | Budgets & Projections
CBO's Estimate of Proposals in the President's FY 2021 Budget
The Congressional Budget Office (CBO) has released its estimate...
Families First Coronavirus Response Act Will Cost $192 Billion
Last week, the Congressional Budget Office (CBO) scored the Families First Coronavirus Response Act (FFCRA), the second of three packages...
