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.
House Group Requests President Biden Fully Repeal Rebate Rule
A group of House Members, led by Representatives Scott Peters (D-CA) and Jared Golden (D-ME), sent a letter to President Biden calling for the...
CBO Scores IRA with $238 Billion of Deficit Reduction
The Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion...
Ending the Student Debt Pause in January is a Cost, Not an Offset
Last week, the Biden administration announced a plan to forgive a portion of outstanding student debt, extend the moratorium on student loan payments...
Michael Murphy: Biden's student debt 'cancellation' defies sense, drives deficit
Michael Murphy is the chief of staff and director of the Committee for a Responsible Federal Budget's FixUs initiative. He recently wrote an opinion...
How Long Before Cancelled Student Debt Would Return?
Note: This analysis has been updated to reflect President Biden’s announced cancellation plan. You can read the original version here. President Biden...
Latest Student Loan Payment Pause Brings Total Cost to $155 Billion
The Biden Administration announced another extension of the student loan repayment moratorium through the end of December as part of their larger...
Maya MacGuineas: Biden’s Student Loan Plan Will Come at a Steep Cost for the Economy
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
Student Debt Changes Would Boost Inflation
The student debt cancellation and relief measures announced earlier this week by the Biden Administration would cost around $500 billion over a decade...
Everything You Need to Know About Student Debt Cancellation
Below are a few frequently asked questions about student debt cancellation and proposals around it. Whose debt has been cancelled? How much will Biden...
New Student Debt Changes Will Cost Half a Trillion Dollars
Note (9/26/2022): The Congressional Budget Office (CBO) has released an estimate that debt cancellation will cost $400 billion. Using new information...
IRA Changes Could Erase $500 Billion of Long-Term Savings
Recently, we estimated the original Inflation Reduction Act (IRA) would reduce deficits by roughly $1.5 trillion over two decades, or nearly $2...
Cancelling Student Debt Would Undermine Inflation Reduction Act
The recently-passed Inflation Reduction Act (IRA) will reduce budget deficits by roughly $275 billion while pushing fiscal policy in the right...