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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Three More FDIC Bank Closings
On Friday evening, the FDIC reported that it has taken over an additional three banks ( Barnes Banking Company, St. Stephen State Bank, Town Community...
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No New Taxes? Then Take the Spending Challenge
Obviously the fiscal situation facing the country is bad. Deficits are massive; the debt is headed towards unprecedented territory; and the weak...
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In Defense of the Deficit Commission
Today, the AARP sent an email to its members encouraging them not to support the Conrad-Gregg commission. A coalition of conservative anti-tax groups...
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On the President's Spending Cuts....
Yesterday -- citing CRFB's work -- The Stephen Dinan of Washington Times wrote that President Obama, in his first year, was more successful than...
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Announcing the "Announcement Effect Club"
Since CRFB called for a Fiscal Recovery Plan in July, a growing number of prominent economists, organizations, and opinion leaders have joined us in...
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Jobs and Policy
At the start of the new decade, one in every ten Americans is unemployed. By broader measures of unemployment (including discouraged workers who may...
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Obama Proposes Bank Fee to Recoup Bailout Costs
President Obama has just proposed a fee on financial firms, stating his commitment “to recover every single dime the American people are owed.” The...
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House Sustains Obama Veto of CR; Budgeteers Yawn
The House voted Wednesday to sustain President Obama's veto of a Continuing Resolution to keep the government funded. Huh? Confused? Why wasn't this...
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Two Major Reports Target Debt Reduction
In the past two days, at least two new voices have joined a growing chorus of organizations warning that our federal debt is growing at an...
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First Hearing for the FCIC
The Financial Crisis Inquiry Commission, which was established to examine the causes of the economic and financial crisis, kicked off the first day of...
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Top Ten Tax Expenditures: JCT releases its annual report
Earlier this week the Joint Committee on Taxation (JCT), the congressional group that provides cost estimates and tax expertise to Congress, issued...
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Fed Earns Money, TARP Loses It
The Federal Reserve announced, this morning, that it will transfer $46.1 billion in FY2009 profits over to the Treasury, higher than the $31.7 billion...