Pell Program Faces Funding Cliff in 2026
The Congressional Budget Office projects the Pell program will deplete its reserve fund by 2026 and face cumulative deficits of $18 billion by 2031,...
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.
Feb 17, 2021 | Other Spending
State and Local Governments Do Not Need Half a Trillion in COVID Relief
The American Rescue Plan currently making its way through Congress contains over $500 billion of aid to state and local governments.
A ...
Feb 16, 2021 | Budgets & Projections
CBO Releases New Long-Term Budget Projections
The Congressional Budget Office (CBO) released a new set of long-term budget projections today, showing that the long-term fiscal...
Feb 12, 2021 | Budget Process
Case and Womack Reintroduce Sustainable Budget Act
This week, Representatives Ed Case (D-HI) and Steve Womack (R-AR) reintroduced the Sustainable Budget Act. The bill would create a fiscal...
Feb 12, 2021 | Other Spending
Voices Skeptical of the Size of $1.9 Trillion COVID Relief Plan
Congress is currently marking up a $1.9 trillion COVID relief package using budget reconciliation. While it's important to spend what is necessary to...
Feb 11, 2021 | Budgets & Projections
CBO Releases New 10-Year Budget Projections
The Congressional Budget Office (CBO) just released its February 2021 Budget and Economic Outlook, showing that the COVID-19 public health and...
Feb 10, 2021 | Other Spending
President Biden's $1.9 Trillion COVID Plan vs. the GOP $618 Billion Plan: A Comparison
President Biden has proposed a $1.9 trillion “American Rescue Plan” for Congress to enact this spring as a COVID relief package. Last Monday, 10...
Feb 8, 2021 | Other Spending
Maya MacGuineas Joins CNN to Discuss COVID Relief Negotiations
Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on CNN's "At This Hour" to discuss the latest COVID...
Feb 3, 2021 | Economics
How Much Would the American Rescue Plan Overshoot the Output Gap?
The Congressional Budget Office (CBO) projected on Monday that the nation’s output gap – the difference between actual economic activity and...
Feb 2, 2021 | Economics
CBO Releases New 10-Year Economic Projections
Yesterday, the Congressional Budget Office (CBO) released a new set of ten-year economic projections, illustrating the economic damage from the COVID...