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.

Nov 6, 2009 | Economics

Unemployment Rate Now above 10%, Highest Since 1983

According to the Bureau of Labor Statistics’ monthly report, the unemployment rate made a stunning leap in October from 9.8% in September to 10...
Nov 5, 2009 | Health Care

US Budget Watch Releases Updated Charts Comparing Health Reform Bills

US Budget Watch has updated a number of charts comparing the latest versions of the health care reform bills. Included is the new Republican version...
Nov 5, 2009 | Budget Process

Want to See a Budget Gimmick in Action?

UPDATE: The Senate has passed a bill to extend jobless benefits, a bill which also includes the extension in the homebuyer tax credit and carry-back...
Nov 4, 2009 | Health Care

Health Bills Don't Go Far Enough to Cut Costs

In today's Washington Post, Ceci Connelly has an article titled, "Health Bills are too Timid on Cutting Costs, Experts Say."...

Understanding Federal Commitments to Housing and Health Care

Yesterday, the Congressional Budget Office put out An Overview of Federal Support for Housing. In the report, CBO outlined the nearly $300 billion in...
Nov 3, 2009 | Budgets & Projections

Orszag Promises Deficit Reduction Next Year

In a speech given today at New York University, OMB Director Peter Orszag said the Administration intends to cut the deficit in half by the end of...
Nov 3, 2009 | Health Care

Event: Will Health Care Reform Heal the Federal Budget?

This Friday, November 6th U.S. Budget Watch will be hosting an event, "Will Health Care Reform Heal the Federal Budget?" This event aims to...
Nov 2, 2009 | Budgets & Projections

Large Share of U.S. Debt Will Have to Be Refinanced

According to the Government Accountability Office (GAO), roughly $5.1 trillion in publicly traded U.S. Treasury bonds – or around 78 percent of...
Nov 2, 2009

Nine More FDIC Bank Closings

On Friday evening, the FDIC reported that it has taken over an additional nine banks (FDIC Closes Nine Banks) for a cost to the FDIC of around $2.5...
Nov 2, 2009 | Taxes

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:The New York Times criticized the House Financial Services...
Oct 31, 2009 | Budgets & Projections

A Scary Thought

The federal debt held by the public, today, is almost $7.5 trillion dollars. That is around 53 percent of gross domestic product (GDP) -- higher than...
Oct 30, 2009 | Health Care| Taxes

CBO Report Roundup

A number of very interesting and relevant reports have come out of the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) this...

Comparison: Cost of the House Health Care Bill

Today, House Speaker Nancy Pelosi intoduced the latest House health care reform bill, fresh with estimates from the Congressional Budget Office and...
Oct 29, 2009 | Taxes

Homebuyers Credit Will Likely be Extended

The Senate has reached a consensus on the issue of extending the homebuyer’s tax credit, first implemented in the stimulus bill. The tax credit...
Oct 29, 2009 | Budgets & Projections

GMAC Offers $2.9 Billion in Debt

The General Motors Acceptance Corporation (GMAC), previously owned by General Motors, has offered $2.9 billion of three-year bonds in the private...

House Health Bill Numbers Should Come Out Today

House Majority Leader Nancy Pelosi will unveil legislation today for the latest House health care reform bill. While the score from the Congressional...
Oct 29, 2009 | Health Care

House Health Bill Numbers Come Out Today

Update: The Congressional Budget Office has put out their amended score of the House health care bill. It can be found here. A summary of the...
Oct 28, 2009

CRFB's Marc Goldwein to Speak at YP Nation Event Tonight

Tonight, Marc Goldwein, Policy Director of CRFB and Senior Policy Analyst in the Fiscal Policy Program at New America Foundation, will be speaking...
Oct 28, 2009 | Taxes

Cracking Down on Tax Evasion Could Boost Revenue

The Obama administration is looking into offsetting some of the costs of likely tax break extensions by cracking down on international tax evasion....

CBO Delivers Cost Estimate for Physician Payment Updates

Yesterday the CBO delivered a cost estimate for instituting permanent Medicare physician payment updates by repealing the sustainable growth...

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