Jan 29, 2021 | Other Spending
Mitch Daniels: We were right to worry about the nation’s fiscal future
Mitch Daniels, co-chair of the Committee for a Responsible Federal Budget, recently wrote an opinion piece for The Washington Post about the...
Blog | January 2021
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 29, 2021 | Other Spending
Biden Campaign Plan Offers Menu of Offsets
With Democratic majorities in the House and Senate, President Joe Biden has taken office with a real opportunity to advance new spending...
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...
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...
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...