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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.

Dec 15, 2009 | Budget Process

Another Issue with Using TARP Funds for Other Purposes

According to a Donald Marron, reallocating TARP funds to use for other purposes (such as a jobs bill) may violate the letter of the law (and...
Dec 14, 2009 | Budgets & Projections

Release of 'Red Ink Rising'

Warning that the out-of-control federal debt places the economic future of our nation at risk, the Peterson-Pew Commission on Budget Reform this...
Dec 14, 2009

Citi to Repay $20 Billion in TARP Funds

Today, Citigroup announced that it will repay $20 billion in TARP funds. Since last fall, the government has provided $45 billion in capital for Citi...
Dec 14, 2009

Three More FDIC Closings

On Friday evening, the FDIC reported that it has taken over an additional three banks (Solutions Bank, Valley Capital Bank, Republic Federal Bank)...
Dec 14, 2009

Washington Post Warns of Coming Debt Panic

The Washington Post, this morning, warned that it is "time to start panicking" about the long-term debt, and that bipartisan action would...
Dec 11, 2009 | Budgets & Projections

House Passes $447 Billion 'Minibus' Bill

The House passed a bill yesterday containing six of the appropriations bills still lingering in Congress, at a total cost of $447 billion. On Monday...
Dec 10, 2009

Troubled Asset Relief Program: Year-End Review

On December 9, Secretary Geithner requested that TARP be renewed through October 3, 2010. Having spent a net of $386 billion, the $700 billion...
Dec 10, 2009 | Budget Process

CRFB's MacGuineas Calls for Budget Reform

Committee for a Responsible Federal Budget president Maya MacGuineas has an op-ed in The Hill online today. Citing the end-of-the-year dance...
Dec 9, 2009 | Budgets & Projections

Fiscal Recovery Plan in the FY 2011 Budget?

There's an intriguing passage in the White House press release on President Obama's stimulus speech at Brookings yesterday:  "An...
Dec 9, 2009 | Budgets & Projections

Bipartisan Budget Commission Proposed

Senate Budget Committee chairman Kent Conrad (D-ND) and ranking Republican Judd Gregg (R-NH) today introduced legislation to create an 18 member...
Dec 9, 2009

Dealing with Debt

There’s a reason India Times just picked up David Lightman’s story “Rising debt threatens to derail Congress on just about...
Dec 8, 2009 | Budget Process

TARP: Offset or Gimmick?

In his speech today, President Obama proposed reducing the amount of money available in the TARP fund to pay for the new stimulus measure. When TARP...
Dec 8, 2009 | Health Care

In Support of Cost Control

This morning, eleven freshman Senators introduced a series of health care reform amendments which they call the Value and Innovation Package (thanks...

The Grassroots Talk Fiscal Stewardship

Citizens from across the country had a message yesterday for lawmakers: we are working together to solve our fiscal challenges, why can’t you?...
Dec 8, 2009 | Economics

Fed Exit Strategy: Reverse Repos

How and when the Fed will unwind the massive amounts of liquidity it has provided to shore up the financial system and economy?  Will the Fed be...
Dec 8, 2009

Obama Puts Forth Jobs Plan

Today, in a speech at the Brookings Institution, President Obama outlined a strategy designed to accelerate job growth. In particular, he outlined...
Dec 7, 2009

Vote on the Best Way to SAVE Money

Earlier this year, the Administration launched a contest to let federal employees submit ideas to save the government money (at the time, we called...
Dec 7, 2009

Six More FDIC Bank Closings

On Friday evening, the FDIC reported that it has taken over an additional six banks (Greater Atlantic Bank, Benchmark Bank, AmTrust Bank, The...
Dec 7, 2009 | Economics| Budget Process

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:The New York Times applauded a CBO estimate that under the...
Dec 4, 2009 | Taxes

Time for Tax Reform

Today, the President's Economic Recovery Advisory Board (PERAB) was scheduled to release its recommendations on reforming the tax code. Although they...

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