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.
Fed Mortgage-Backed Security Purchases Reached a New Record
The Federal Reserve purchased nearly $180 billion in Mortgage-Backed Securities (MBS) last week, more than any week in history — including during the...
Robert Reischauer and Charles Blahous: Letter from Former Trustees of Social Security and Medicare
Robert Reischauer is a former public Trustee of the Social Security and Medicare Trust Funds, president emeritus of the Urban Institute, and a member...
COVID Response: How Much Money Has Been Made Available So Far?
The fiscal and monetary policy response to the COVID-19 pandemic and subsequent economic crisis has been both swift and substantial. We have been...
Is the Fed Buying Our New Debt?
So far, the legislative response to the COVID-19 pandemic has injected around $1.5 trillion of fiscal support into the economy. In combination with...
Join Us on Giving Tuesday to Help Those in Need
As the country continues to combat COVID-19, the Committee for a Responsible Federal Budget is coming to you with a unique request. While the scale of...
Maya MacGuineas Joins C-SPAN to Discuss Coronavirus and Federal Debt
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on C-SPAN's Washington Journal. She discussed fiscal measures...
COVID Money Tracker: Paycheck Protection Program
Note: See here for an update on the Paycheck Protection Program as of May 23, 2020. The Paycheck Projection Program (PPP) was established under the...
COVID Money Tracker: Airline Worker Support
Of the $2.2 trillion in fiscal support made available under the CARES Act, roughly $60 billion was allocated specifically to the airline industry and...
CBO Updates Budget Projections In Wake of COVID-19
Today, the Congressional Budget Office (CBO) released a blog post outlining its latest projections of near-term federal debt and deficits in the wake...
What's in the Fourth Coronavirus Package?
The Senate yesterday passed the Paycheck Protection Program and Health Care Enhancement Act by unanimous consent. The bill is the fourth piece of...
Pre-COVID, Social Security and Medicare Faced Insolvency
The Social Security and Medicare Trustees have released their reports on the financial state of their programs. Even though the Trustees do not...
The COVID-19 Recession Is Unfolding Faster than the Great Recession – and So Is the Response
We have published an abbreviated update of this analysis, incorporating additional legislation, updated cost estimates, and new economic projections...