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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.

Aug 18, 2009 | Budgets & Projections

Record Monthly and Yearly U.S. Deficit

August 18 - According to Bloomberg, last month's budget deficit hit a record $180.7 billion, higher than any month in U.S. history.Spending in July...
Aug 17, 2009 | Other Spending

Unwanted Defense Spending Draws Presidential Veto Threat

President Obama reiterated his intention to veto any Defense Appropriations Bill that contains superfluous spending provisions today at a Veterans of...
Aug 14, 2009

Obama Economic Advisor Appears on The Daily Show

Austan Goolsbee, chief economist of President Obama's Economic Recovery Advisory Board appears below on the Daily Show with John Stewart. Goolsbee...
Aug 14, 2009 | Economics

The Economy: Expectations and Reality Check

August 14 - Real GDP fell by 6.4 percent and then 1.0 percent in the first two quarters of the year. As of the second quarter, real growth was 4...
Aug 12, 2009 | Economics

FOMC Leaves Stance Unchanged

August 12 - The key Fed policymaking body, the Federal Open Market Committee (FOMC), released its statement today following its regularly scheduled...

CRFB Discusses CBO Social Security Projections

August 11 - Today, CRFB released a report highlighting its take on CBO's Long-Term Projections for Social Security. Last year, the CBO projected...

CBO Reports on Social Security

August 8 - Today, the Congressional Budget Office (CBO) released its Long-Term Projections for Social Security. According to the CBO: "...
Aug 6, 2009 | Budgets & Projections

CBO Releases Budget Options Volume 2

August 6 - Today, the CBO released the second of two lengthy reports outlining the budgetary options of various policies likely to be undertaken by...
Aug 5, 2009

Top Senate Democrats Look to Reinforce Cash for Clunkers Before Recess

August 5 - Harry Reid and other top Senate officials are confident that a vote to extend the Car Allowance Rebate System (Cash for Clunkers program)...

Taxing the Middle Class

August 4 - Yesterday, White House Press Secretary Robert Gibbs reiterated the administration's pledge not to raise taxes on Americans earning less...
Jul 31, 2009 | Economics

Second Quarter U.S. GDP and the Stimulus Package

July 31 - U.S. real GDP declined by 1.0% (annual rate) in the second quarter, the fourth straight quarterly drop, according to today's report by the...
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Jul 31, 2009 | Budgets & Projections

House and Senate Work to Finish FY 2010 Appropriations Bills

July 31 - Yesterday, the House passed its final FY 2010 appropriations bill, but, in the process, disregarded requests from the Pentagon and Obama...
Health Care_Doctor
Jul 30, 2009 | Health Care

CRFB Release Urges Health Care Cost Controls

July 30 - Yesterday, CRFB put out a release urging policymakers to focus on controlling costs associated with current health care reform efforts. The...
Jul 29, 2009 | Health Care

House and Senate Move Closer to Health Care Reform

July 29 - Both the House and Senate announced today that influential legislators had helped negotiate compromises aimed at pushing health care reform...
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Jul 28, 2009 | Budgets & Projections

China Continues to Question U.S. Debt Security

June 28 - Martin Crutsinger reports today that, at least behind closed doors, China has been raising serious concerns about the state of the US...
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New CBO Reports on Health Care Reform

July 27 - This weekend, the Congressional Budget Office (CBO) released two very significant reports, Additional Information Regarding the Effects of...
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Jul 24, 2009 | Budget Process

The Statutory Pay-as-You-Go Act of 2009

July 24 - This week the House passed statutory PAYGO legislation requiring spending and tax cuts to be offset in a deficit-neutral fashion. While...
President Obama
Jul 24, 2009 | Health Care

Obama Interview with the Washington Post

July 24 - Read Fred Hiatt's excellent interview with President Obama on health care reform and the need to deal with the fiscal crisis....
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Jul 22, 2009 | Budget Process

House Passes Statutory PAYGO

Today, the House of Representatives passed statutory pay-as-you-go (PAYGO) legislation, which would require that all new mandatory spending and tax...
Concept_Health Care_Medical Professionals
Jul 21, 2009 | Health Care

CRFB Releases "Health Care and the Federal Budget"

July 21 - Today the Committee for a Responsible Federal Budget released "Health Care and the Federal Budget," which looks at the state of...

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