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.
Pell Program Faces Funding Cliff in 2026
The Congressional Budget Office projects the Pell program will deplete its reserve fund by 2026 and face cumulative deficits of $18 billion by 2031...
State and Local Governments Do Not Need Half a Trillion in COVID Relief
The American Rescue Plan currently making its way through Congress contains over $500 billion of aid to state and local governments. A number of...
CBO Releases New Long-Term Budget Projections
The Congressional Budget Office (CBO) released a new set of long-term budget projections today, showing that the long-term fiscal outlook remains...
Case and Womack Reintroduce Sustainable Budget Act
This week, Representatives Ed Case (D-HI) and Steve Womack (R-AR) reintroduced the Sustainable Budget Act. The bill would create a fiscal commission...
Voices Skeptical of the Size of $1.9 Trillion COVID Relief Plan
Congress is currently marking up a $1.9 trillion COVID relief package using budget reconciliation. While it's important to spend what is necessary to...
CBO Releases New 10-Year Budget Projections
The Congressional Budget Office (CBO) just released its February 2021 Budget and Economic Outlook, showing that the COVID-19 public health and...
President Biden's $1.9 Trillion COVID Plan vs. the GOP $618 Billion Plan: A Comparison
President Biden has proposed a $1.9 trillion “American Rescue Plan” for Congress to enact this spring as a COVID relief package. Last Monday, 10...
Maya MacGuineas Joins CNN to Discuss COVID Relief Negotiations
Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on CNN's "At This Hour" to discuss the latest COVID relief...
How Much Would the American Rescue Plan Overshoot the Output Gap?
The Congressional Budget Office (CBO) projected on Monday that the nation’s output gap – the difference between actual economic activity and potential...
CBO Releases New 10-Year Economic Projections
Yesterday, the Congressional Budget Office (CBO) released a new set of ten-year economic projections, illustrating the economic damage from the COVID...
America Faces a $380 Billion Output Gap
Today's economic projections from the Congressional Budget Office (CBO) show the economy is likely to experience a strong economic recovery, but...
Mitch Daniels: We were right to worry about the nation’s fiscal future
Mitch Daniels, co-chair of the Committee for a Responsible Federal Budget, recently wrote an opinion piece for The Washington Post about the lack of...