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.
COVID Relief Includes $360 Billion of State and Local Aid
This analysis has been updated based on new information. As of October 15, we estimate roughly $280 billion of allowed federal aid to state and local...
CBO Projects Major Trust Fund Exhaustions on the Horizon
A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources and managed through...
$2.2 of $4 Trillion in Fiscal Relief is Out the Door
We update our interactive COVID Money Tracker tool every week to reflect new COVID relief spending and estimates. This week's updates are particularly...
CBO Projects Debt Will Reach New Record
The Congressional Budget Office (CBO) just released its updated Budget Outlook, showing that the COVID-19 public health and economic crisis has...
How Much COVID Relief Have Public and Private Schools Received?
At least $42 billion has been committed or disbursed to the education sector from COVID relief legislation. We estimate: About 55 percent of those...
Would Joe Biden Significantly Raise Taxes on Middle Class Americans?
During the 2020 Republican National Convention, several speakers claimed that Democratic nominee and former Vice President Joe Biden would...
Pairing Debt Limit Reform with Budget Goals
A recent bipartisan House letter from 30 Democrats and 30 Republicans requests budget reforms in forthcoming legislation, such as combining debt limit...
$412 Billion in COVID Funds Are Earmarked for the Health Industry
Our brand new, state-of-the-art interactive COVID Money Tracker tool follows every dollar authorized and spent by Congress, the Federal Reserve, and...
Janet Yellen and Jared Bernstein: The Senate Is on Vacation While Americans Starve
Janet Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, a former Chair of the Federal...
Welcome to the New COVID Money Tracker
The Committee for a Responsible Federal Budget is excited to announce the launch of our interactive COVID Money Tracker tool. The COVID Money Tracker...
How Much COVID Relief Has Been Spent So Far?
Our brand new, state-of-the-art interactive COVID Money Tracker tool follows every dollar authorized and spent by Congress, the Federal Reserve, and...
How Much Would President Trump's Executive Orders Cost?
Update 8/10/20: We have revised our estimates downward to reflect our understanding from the final text of the memorandum that the payroll tax...