Committee for a Responsible Federal Budget
Washington Monument

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.
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 economic...
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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 and...
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 relief spending and estimates.  This week's...
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Sep 2, 2020 | Budgets & Projections

CBO Projects Debt Will Reach New Record

The Congressional Budget Office (CBO) just released its updated Budget Outlook, showing that the COVID-19 public health and economic crisis has...
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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 55 ...
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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...
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Aug 27, 2020 | Budget Process

Pairing Debt Limit Reform with Budget Goals

A recent bipartisan House letter from 30 Democrats and 30 Republicans requests budget reforms in forthcoming legislation, such as combining...
Aug 26, 2020 | Health Care

$412 Billion in COVID Funds Are Earmarked for the Health Industry

Our brand new, state-of-the-art interactive COVID Money Tracker tool follows every dollar authorized and spent by Congress, the Federal...
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 Federal...

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