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.
Put Another $2 Trillion on the Tab
CRFB released this report on OMB's Mid-Session Review. (We will soon release a more detailed analysis.) CBO provides a comparison chart between OMB...
OMB's Mid-Session Review Will Show Greater Ten-Year Deficits
Late Friday the White House conceded that ten-year deficits would total around $9 trillion, according to their estimates. This is $2 trillion greater...
Bernanke at Jackson Hole
The Fed is holding its annual summer retreat at Jackson Hole, Wyoming, which features Fed officials and outside experts discussing the critical issues...
Fiscal Space, Stimulus and Entitlement Cuts
Given the weak economy, how do we balance our need for economic stimulus now with our need to get our fiscal house in order to prevent the age and...
Mid-Session Review to Report Lower 2009 Deficit
August 20 - Next Tuesday the Office of Management and Budget (OMB) will release their Mid-Session Review of the budget. They plan to announce that the...
Buffett Warns Against Rising Debt-to-GDP Ratio
Warren Buffett has written in the New York Times that significant levels of U.S. spending will prove to pose problems for our economy and currency...
Record Monthly and Yearly U.S. Deficit
August 18 - According to Bloomberg, last month's budget deficit hit a record $180.7 billion, higher than any month in U.S. history. Spending in July...
Unwanted Defense Spending Draws Presidential Veto Threat
President Obama reiterated his intention to veto any Defense Appropriations Bill that contains superfluous spending provisions today at a Veterans of...
Obama Economic Advisor Appears on The Daily Show
Austan Goolsbee, chief economist of President Obama's Economic Recovery Advisory Board appears below on the Daily Show with John Stewart. Goolsbee...
The Economy: Expectations and Reality Check
August 14 - Real GDP fell by 6.4 percent and then 1.0 percent in the first two quarters of the year. As of the second quarter, real growth was 4...
FOMC Leaves Stance Unchanged
August 12 - The key Fed policymaking body, the Federal Open Market Committee (FOMC), released its statement today following its regularly scheduled...
CRFB Discusses CBO Social Security Projections
August 11 - Today, CRFB released a report highlighting its take on CBO's Long-Term Projections for Social Security. Last year, the CBO projected...