Committee for a Responsible Federal Budget
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Blog | April 2010

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.
Apr 23, 2010 | Budgets & Projections

Where the Treasury Stands with GM, Chrysler, and AIG

GM has been getting some prominent press coverage over the past few days, following their repayment of $4.7 billion to the Treasury on Tuesday. The...
Apr 23, 2010 | Economics

Market Watch Update: April 19-23

As of mid-day Friday, April 23, the yield curve looked steeper for the week (that is, interest rates rose on Treasury instruments at the longer end...
Apr 22, 2010 | Budgets & Projections

Chairman's Mark Reduces Deficit More Than President's Budget

Yesterday the Senate Budget Committee chairman Kent Conrad (D-ND) released some highlights of his FY2011 budget blueprint, or Chairman's Mark,...
Apr 22, 2010

A Preventable Crisis: Exploring Fiscal Crisis Scenarios for the United States

In this policy paper released by CRFB's Fiscal Roadmap Project, CRFB argues that unless we change course, "a fiscal crisis in one form or...
Apr 22, 2010 | Economics

Iceland Ash Blanket Settles Over World Economy

Airline traffic may not be the only thing slowed by Iceland’s volcanic eruptions. The slow-moving, fragile economic recovery may take a hit as...
Apr 21, 2010 | Economics

Senator Kent Conrad Joins the Announcement Effect Club

From the Chairman's Mark of the FY2011 Senate Budget Resolution (emphasis added):Certainly, the need to return to fiscal discipline and the costs of...
Apr 21, 2010

The Need for Reducing Sovereign Debt Risk, according to the IMF

With global recovery underway but still fragile, reducing government (sovereign) debt risk is important, so that global economic recovery can be...
Apr 21, 2010 | Economics

IMF Says our Economies are Looking Better, but the Outlook is still Fragile

According to the IMF, we are entering a new phase of the economic and financial crisis: the world has averted a depression, a recovery is taking hold...
Apr 21, 2010

The All-Important Deficit Targets

Japan is considering legislation to impose deficit-targets, according to an article in The Wall Street Journal.  With their debt nearing 200% of...
Apr 20, 2010

Dealing With The Debt

In today's Financial Times, Roger Altman asked " whether the credit standing and currency stability of the world's biggest borrower, the US,...