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.
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/maya_penny.JPG.webp?itok=hnDNwH7Q)
Penny and MacGuineas in the Press
Tim Penny, co-chair of the Peterson-Pew Commission on Budget Reform, was interviewed today for an hour on his home state public radio station. Saying...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/citi-at-night.jpg.webp?itok=yPa-y5sx)
Note to Citi: Get Your Fiscal House In Order!
The IRS has agreed to give up billions in tax money in exchange for Citigroup’s repurchase of $20 billion of its assets held by TARP. In a notice...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/319173_9981_0.jpg.webp?itok=ID9c6kHh)
Deficit Commission Debated
Differing views on creating a deficit commission were aired at a Capitol Hill forum yesterday sponsored by the Cato Institute. The proposal, which is...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/Red_Ink_Rising_Cover_0.JPG.webp?itok=s6EBIUak)
Event Recap: Release of 'Red Ink Rising'
On December 14, the Peterson-Pew Commission on Budget Reform hosted a public event at the National Press Club to announce the release of its report...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/stimulus_icon_19.jpg.webp?itok=eemrkpkP)
GM and Wells Fargo Jump on the Bandwagon
General Motors and Wells Fargo have both just announced that they intend to repay all of the $6.7 billion and $25 billion, respectively, in...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/save_money_0.jpg.webp?itok=-zZ-TJm2)
And the Winner Is...
Earlier this year the White House created a contest for federal employees that was focused on producing real ideas that would yield monetary savings...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/4187124933_1773573ab0_m_0.jpg.webp?itok=yzAgnY83)
Peterson-Pew in the Press
The Peterson-Pew Commission’s “Red Ink Rising” plan for American lawmakers has earned some black ink worldwide too since its release, not to mention...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/extra-cash_0.jpg.webp?itok=-Q2jteah)
Another Issue with Using TARP Funds for Other Purposes
According to a Donald Marron, reallocating TARP funds to use for other purposes (such as a jobs bill) may violate the letter of the law (and certinaly...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/Red_Ink_Rising_Cover.JPG.webp?itok=NVMBae2Z)
Release of 'Red Ink Rising'
Warning that the out-of-control federal debt places the economic future of our nation at risk, the Peterson-Pew Commission on Budget Reform this...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/stimulus_icon_18.jpg.webp?itok=S9tdHwWS)
Citi to Repay $20 Billion in TARP Funds
Today, Citigroup announced that it will repay $20 billion in TARP funds. Since last fall, the government has provided $45 billion in capital for Citi...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/stimulus_icon_17.jpg.webp?itok=Nau3T58Y)
Three More FDIC Closings
On Friday evening, the FDIC reported that it has taken over an additional three banks ( Solutions Bank, Valley Capital Bank, Republic Federal Bank)...
![](/sites/default/files/styles/article_listing/public/managed/media-images2022-02/WaPo_2.jpg.webp?itok=mqMC2AVe)
Washington Post Warns of Coming Debt Panic
The Washington Post, this morning, warned that it is "time to start panicking" about the long-term debt, and that bipartisan action would be needed to...