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.
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Jobs and Policy
At the start of the new decade, one in every ten Americans is unemployed. By broader measures of unemployment (including discouraged workers who may...
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Obama Proposes Bank Fee to Recoup Bailout Costs
President Obama has just proposed a fee on financial firms, stating his commitment “to recover every single dime the American people are owed.” The...
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House Sustains Obama Veto of CR; Budgeteers Yawn
The House voted Wednesday to sustain President Obama's veto of a Continuing Resolution to keep the government funded. Huh? Confused? Why wasn't this...
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Two Major Reports Target Debt Reduction
In the past two days, at least two new voices have joined a growing chorus of organizations warning that our federal debt is growing at an...
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First Hearing for the FCIC
The Financial Crisis Inquiry Commission, which was established to examine the causes of the economic and financial crisis, kicked off the first day of...
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Top Ten Tax Expenditures: JCT releases its annual report
Earlier this week the Joint Committee on Taxation (JCT), the congressional group that provides cost estimates and tax expertise to Congress, issued...
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Fed Earns Money, TARP Loses It
The Federal Reserve announced, this morning, that it will transfer $46.1 billion in FY2009 profits over to the Treasury, higher than the $31.7 billion...
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Moving the Tax Expiration Goal Posts
The President may choose to submit a budget in which he extends the Bush tax cuts only temporarily—say for two years, rather than permanently as was...
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Deficit Hawks Love their Cake
Over the weekend one of our favorite bloggers, EconomistMom, joined an important discussion prompted by a Stan Collender blog that called out deficit...
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David Walker and the Federal Deficit on NPR
This morning on NPR’s Morning Edition one of our board members, David Walker, discussed his new book, Comeback America: Turning the Country Around and...
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One More FDIC Bank Closing
On January 8, the FDIC reported that it has taken over an additional bank ( Horizon Bank) for a cost to the FDIC of about $540 billion. This brings...
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CBO Monthly Budget Review Shows Record December Deficit
The government ran record deficits of $390 billion in the first quarter of FY2010, according to the CBO’s Monthly Budget Review. Even last year, with...