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.

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...
Oct 27, 2009 | Health Care

Romer on Health Care Reform and the Budget Deficit

Yesterday, Council of Economic Advisers Chair Christina Romer spoke at the Center for American Progress on Health Care Reform and the Budget Deficit....
Health Care_Doctor
Oct 26, 2009 | Health Care| Taxes

Understanding the Health Insurance Excise Tax

The health care reform bill recently passed by the Senate Finance Committee relies on a $200 billion health insurance tax to help fund the costs of...
Oct 26, 2009 | Taxes

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:The Wall Street Journal criticized Congress for attacking...
Oct 26, 2009 | Economics

Over 100 Banks Closed in 2009

On Friday evening, the FDIC reported that it has taken over an additional seven banks (First DuPage Bank, Riverview Community Bank, Bank of Elmwood,...
Oct 23, 2009

More About Those Stimulus Ideas...

Update: Yesterday evening, Senators voted 87-13 to cut off debate to the unemployment insurance bill, which prevented the consideration of...
Oct 22, 2009 | Budgets & Projections

A New TARP Program for Community Banks

The Administration has just announced a new small business lending initiative under the Treasury’s TARP. According to a White House release,...

President Signs $121 Billion Farm Bill

Yesterday, President Obama signed the Agriculture Appropriations bill into law. The $121 billion measure includes $58 billion for food stamps -- a 7...
Oct 22, 2009 | Health Care

Update on Senate “Doc Fix” Legislation

The Medicare physician payment bill (S 1776) sponsored by Senator Stabenow was defeated yesterday by a Senate vote of 47-53, as twelve Democrats...
Oct 21, 2009 | Economics

Beige Book Results

Today, the Fed released its latest Beige Book, with each Fed bank reporting on current economic conditions within its district. Reports from Fed...

Healthcare Savings Likely to be Eclipsed by Stimulus Extensions

Forbes had a piece Monday by Alex Brill and Amy Roden of the American Enterprise Institute about the potential for stimulus programs to expand...

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