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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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...
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Moving the Tax Expiration Goal Posts
The President may choose to submit a budget in which he extends the Bush tax cuts only temporarily—say for two years, rather than permanently as was...
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Deficit Hawks Love their Cake
Over the weekend one of our favorite bloggers, EconomistMom, joined an important discussion prompted by a Stan Collender blog that called out deficit...
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David Walker and the Federal Deficit on NPR
This morning on NPR’s Morning Edition one of our board members, David Walker, discussed his new book, Comeback America: Turning the Country Around and...
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One More FDIC Bank Closing
On January 8, the FDIC reported that it has taken over an additional bank ( Horizon Bank) for a cost to the FDIC of about $540 billion. This brings...
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CBO Monthly Budget Review Shows Record December Deficit
The government ran record deficits of $390 billion in the first quarter of FY2010, according to the CBO’s Monthly Budget Review. Even last year, with...
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How Much Will Health Reform Cost?
UPDATE: CMS released its estimates of the final Senate bill on Friday. The short answer is that it depends who you ask. Today, the RAND Corporation...
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Laura Tyson Argues for Deficit Reduction
Laura Tyson, a former chair of President Clinton’s Council of Economic Advisers, warned in a Bloomberg op-ed this morning that cutting back on fiscal...
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Rivlin Says U.S. Debt Scolds Cannot Be Ignored Much Longer
CRFB board member and former CBO and OMB director, Alice Rivlin, argued in Bloomberg, today, that policymakers should put a deficit-reduction plan in...
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Obama Said to Support Tax on Health Insurance
According to the Associated Press, President Obama has encouraged House leaders to support the Senate's excise tax on high-cost insurance plans. As we...