Committee for a Responsible Federal Budget
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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 Releases New Economic Projections

Today, the Congressional Budget Office (CBO) released updated economic projections, ...
Jul 1, 2020 | Economics

How Does COVID Relief Compare to Great Recession Stimulus?

Congress has enacted five pieces of legislation and committed $3.6 trillion of fiscal support so far to address public health and economic...
Health Care_Money
Jun 29, 2020 | Health Care

House Considers ACA Expansion and Drug Pricing Bill

Today, the House will consider legislation to expand the Affordable Care Act (“Obamacare”) and lower prescription drug prices...
Jun 25, 2020 | Budget Process

Growing Support for Bipartisan Budget Reform

A bipartisan group of 60 legislators led by Representatives Scott Peters (D-CA) and Jodey Arrington (R-TX), released a letter to House leadership in...
James Jones
Jun 18, 2020 | Other Spending

James Jones: Pandemic Isn't an Excuse for Reckless Spending

The signature accomplishment of the Trump administration, the 2017 tax cuts, greatly reduced federal revenue. Lawmakers simultaneously increased...
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Jun 15, 2020 | Economics

Treasury Data Shows Other Countries Not Buying Additional Debt

Total foreign holdings of United States debt held steady during the month of April despite the massive increase in government borrowing...
Jun 15, 2020 | Other Spending

Maya MacGuineas Joins Fox News to Discuss COVID-19 Fiscal Relief

Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on Fox News' Special Report with Bret Baier. She...
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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...
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...
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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...
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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....
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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 ...
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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...
Spending_Transportation_Highway
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...
Charles Stenholm
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...

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