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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.

Oct 2, 2009 | Economics

September Unemployment Rate and Uncertain Outlook

To those watching the economy as it enters into positive territory and the financial markets as they seemed to be getting into gear again, today...
Oct 2, 2009

This Week's Finance Committee Markup

 The Senate Finance Committee wrapped up work today on the markup of their Health Care Reform legislation, America’s Healthy Future Act....

Social Security Beneficiaries Rise by 19%

According to Bloomberg News, the number of Social Security beneficiaries increased by 19 percent, or 2.6 million retired workers, in FY 2009. This...
Oct 1, 2009

FDIC Proposes Banks Prepay Insurance Premiums

This week, the FDIC issued a Notice of Proposed Rulemaking (NPR) to require insured banks to prepay premiums for Q4 2009 all the way through 2012....
Oct 1, 2009 | Taxes

Simplifying the Tax Code

Yesterday, the tax subgroup of the President's Economic Recovery Advisory Board (PERAB) met to discuss ideas for simplifying the tax code as part...
Sep 30, 2009

Progressives and the National Debt

Today, the Center for American Progress and the Center on Budget and Policy Priorities held a forum, “Progressives and the National Debt:...
Sep 30, 2009

Fiscal Year 2010 is Upon Us

Today marks the end of fiscal year 2009 (FY 2009), and to celebrate the occasion, the Committee for a Responsible Federal Budget has put together a...
Sep 30, 2009

Highlights from Bill Frenzel's Brookings Web Chat

CRFB co-chair and former congressman Bill Frenzel answered questions on the U.S. budget deficit in a web chat today hosted by The Brookings...
Sep 29, 2009 | Economics

G-20 Summit's Fiscal and Financial News

It would be easy to dismiss the recent G-20 Summit in Pittsburgh as just more political babble, more empty business as usual just among more...
Sep 29, 2009 | Social Security

Economic Crisis Puts Strain on Social Security

As the Associated Press recently reported, Social Security has come under considerable strain as a result of the economic crisis. Payroll tax...
Sep 29, 2009 | Budgets & Projections

CRFB Co-Chair Bill Frenzel to Speak at Brookings

Committee for a Responsible Federal Budget co-chair Bill Frenzel is speaking about the budget deficit at The Brookings Institution
tomorrow. Frenzel...
Sep 29, 2009 | Budgets & Projections

CRFB Co-Chair Bill Frenzel to Host Online Chat

Committee for a Responsible Federal Budget co-chair Bill Frenzel will host an online chat conversation, 
tomorrow, run by the Brookings Institution....
Sep 28, 2009 | Health Care

US Budget Watch Releases Paper Comparing Health Care Reform Plans

Today, US Budget Watch released a new paper, Comparing Health Care Plans: A Guide to Health Care Reform Proposals, highlighting the ten-year costs...
Sep 28, 2009

Moody's Still Cautionary on U.S. Debt

Fears over any near-term U.S. inflationary pressures may have eased for the moment. Moody’s recently reassured investors that it didn’t...
Sep 26, 2009

One More FDIC Bank Closing

On Friday evening, the FDIC reported that it has taken over an additional bank (Georgian Bank) for a cost to the FDIC of around $892 million. This...
Sep 25, 2009 | Health Care

Finance Committee to Continue Work on Health Bill Next Week

This has been a big week in the Senate Finance Committee regarding work on the health care reform bill. The Committee endued many all-day sessions...
Sep 25, 2009 | Taxes

People Pay Taxes

The simple truism that tax professors try to teach, and politicians try to ignore, is that people pay taxes. All taxes are passed onto people in one...
Sep 25, 2009

More Pandering to Seniors

Yesterday, the House voted 406-18 to prevent an 8 percent increase in Medicare premiums for 11 millions seniors, many of whom are well-off. At a time...
Sep 24, 2009 | Budgets & Projections

Elmendorf Explains Dismal Fiscal Picture to Economists

UPDATE: Read Elmendorf's take on his talk.Today, several of us at the CRFB staff attended a National Economists Club lunch with Congressional Budget...
Sep 24, 2009

GAO Report Says AIG Bailout Repayment Remains Unclear

The Government Accountability Office (GAO) recently issued a report (congrats to Andrew Samwick for pointing this out) on the status of government...

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