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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What’s New in COVID Money Tracker?
This week we updated COVID Money Tracker with all of the major provisions from the $915 billion 1 in COVID relief provisions in December’s...
How Much COVID Relief Money Is Left?
Note: Data updates on February 3, 2021 reduce the difference between legislative amount allowed and committed/disbursed from $1.3 trillion to $1.1...
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Blue Dog Coalition Argues Against Misuse of New PAYGO Exemptions
The House of Representatives began the 117th Congress with a new rules package – H.Res.8. The package maintains the House Pay-As-You-Go (PAYGO) rule...
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Biden to Unveil $1.9 Trillion COVID Response Plan
Note: We have published an updated, more detailed breakdown of President Biden’s $1.9 trillion COVID response plan, compared alongside a $618 billion...
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Maya MacGuineas Joins CNN Business to Discuss COVID Relief and Deficits
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNN business to discuss why some level of deficit spending...
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Select Committee on the Modernization of Congress Extended
The House voted last week on a rules package that extended the House Select Committee on the Modernization of Congress (SCMC) through the 117th...
Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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Four-Fifths of Stimulus Checks Have Been Sent
In the first three days of distributing the second round of stimulus checks approved by Congress in the Response and Relief Act, the Treasury...
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What's in the December Jobs Report
The Bureau of Labor Statistics this morning released its monthly jobs report which showed a net loss of 140,000 jobs during the month of December. The...
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Breaking Down $3.4 Trillion in COVID Relief
With the passage of the Response & Relief Act, Congress has now allocated around $4 trillion of COVID relief at a net cost of over $3.4 trillion...
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Maya MacGuineas Joins Fox Business to Fiscal Policy After Georgia Senate Runoffs
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Fox Business to discuss what the political and economic...
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2021 Deficit On Course to Hit $2.3 Trillion
In light of the enactment of the year-end spending and COVID relief deal, we estimate the deficit will total $2.3 trillion for Fiscal Year (FY) 2021...