Latest
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What Do Today's GDP Numbers Tell Us About the Output Gap?
Read moreThe Bureau of Economic Analysis today released its advanced estimates for fourth quarter Gross Domestic Product (GDP). The report showed that real GDP...
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How Much COVID Relief Money Is Left?
Read moreNote: Data updates on February 3, 2021 reduce the difference between legislative amount allowed and committed/disbursed from $1.3 trillion to $1.1...
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What’s New in COVID Money Tracker?
Read moreThis week we updated COVID Money Tracker with all of the major provisions from the $915 billion 1 in COVID relief provisions in December’s...
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Statement on the Confirmation of Janet Yellen as Treasury Secretary
Read moreFor Immediate Release Former Federal Reserve Board Chair Janet Yellen, who had been serving on the board of the Committee for a Responsible Federal...
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Reconciliation 101
Read moreThis paper has been updated here. What is reconcilation? How do reconciliation instructions work? Can a reconciliation bill add to the budget deficit...
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Near- and Long-Term Fiscal Challenges for the Biden Administration
Read moreFor Immediate Release President Joe Biden takes office in the face of numerous economic and fiscal challenges. Although COVID-19 vaccine distribution...
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Blue Dog Coalition Argues Against Misuse of New PAYGO Exemptions
Read moreThe House of Representatives began the 117th Congress with a new rules package – H.Res.8. The package maintains the House Pay-As-You-Go (PAYGO) rule...
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Biden to Unveil $1.9 Trillion COVID Response Plan
Read moreNote: We have published an updated, more detailed breakdown of President Biden’s $1.9 trillion COVID response plan, compared alongside a $618 billion...
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Maya MacGuineas Joins CNN Business to Discuss COVID Relief and Deficits
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNN business to discuss why some level of deficit spending...
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Select Committee on the Modernization of Congress Extended
Read moreThe House voted last week on a rules package that extended the House Select Committee on the Modernization of Congress (SCMC) through the 117th...
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Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
Read moreIn her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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Four-Fifths of Stimulus Checks Have Been Sent
Read moreIn the first three days of distributing the second round of stimulus checks approved by Congress in the Response and Relief Act, the Treasury...