Committee for a Responsible Federal Budget
Washington Monument

Blog | January 2021

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.
Concept_DC_Capitol Building_Money
Jan 27, 2021 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 1/27/2021: In late December, lawmakers enacted a combined omnibus appropriations bill and COVID-19 relief package. In addition to...
Jan 27, 2021 | Other Spending

What’s New in COVID Money Tracker?

This week we updated COVID Money Tracker with all of the major provisions from the $915 billion1 in COVID relief provisions in December’s...
Jan 27, 2021 | Other Spending

How Much COVID Relief Money Is Left?

Our newly updated COVID Money Tracker tool estimates that Congress has allocated $4 trillion of gross fiscal support, of which at least $2....
Jan 15, 2021 | Budget Process

Blue Dog Coalition Argues Against Misuse of New PAYGO Exemptions

The House of Representatives began the 117th Congress with a new rules package – H.Res.8. The package maintains the House Pay-As-You-Go (...
Jan 14, 2021 | Other Spending

Biden to Unveil $1.9 Trillion COVID Response Plan

Tonight, President-elect Joe Biden is expected to propose a $1.9 trillion COVID response package, which he plans on working with Congress to pass...
Jan 13, 2021 | Other Spending

Maya MacGuineas Joins CNN Business to Discuss COVID Relief and Deficits

Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNN business to discuss why some level of deficit...
Concept_DC_Capitol Building
Jan 12, 2021 | Budget Process

Select Committee on the Modernization of Congress Extended

The House voted last week on a rules package that extended the House Select Committee on the Modernization of Congress (SCMC) through the 117th...
Jan 11, 2021 | Taxes| Economics

Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners

In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping...
Jan 8, 2021 | Other Spending

Four-Fifths of Stimulus Checks Have Been Sent

In the first three days of distributing the second round of stimulus checks approved by Congress in the Response and Relief Act, the Treasury...
Concept_Stock Market_Recession
Jan 8, 2021 | Economics

What's in the December Jobs Report

The Bureau of Labor Statistics this morning released its monthly jobs report which showed a net loss of 140,000 jobs during the month of December....

Pages