Committee for a Responsible Federal Budget
Washington Monument

Blog | May 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.
May 28, 2010 | Health Care| Taxes

House Passes Extensions, But Senate Will Wait Until After Recess

The House today passed a one-year extension of various tax breaks as well as expanded unemployment benefits until November on a 215-204 vote. In a...
May 28, 2010 | Taxes| Other Spending

Up-Hill Drive for Spending Bills, But No Gas in the Tank for Paying for Them

Two massive spending bills that congressional leaders wanted to dispose of before hitting the road for Memorial Day have hit potholes as lawmakers...
May 27, 2010 | Economics

Carlo Cottarelli Joins the Announcement Effect Club

You might have missed it yesterday, but during the second meeting of the National Commission on Fiscal Responsibility and Reform, IMF Director...
May 27, 2010 | Economics

OECD on the Fiscal Outlook: The Way Forward

The OECD (the Organization for Economic Cooperation and Development, the Paris-based think tank for the 31 richest countries) released its twice...

Translating Dr. Summers’ Econospeak: Are Budget Deficits Good or Bad?

Larry Summers gave a very interesting and thoughtful talk in Washington recently (May 24).But it was delivered in High Oracular Econospeak, so many...

Fiscal Targets: Why We Need Both Medium and Long-Term Targets

The President's Fiscal Commission has been charged with proposing:"Recommendations designed to balance the budget, excluding interest payments...
May 27, 2010 | Budgets & Projections

CBO Estimates the Effects of the Stimulus

CBO recently put out its quarterly estimate of the macroeconomic effects of the American Recovery and Reinvestment Act of 2009 (ARRA). They found...
May 27, 2010 | Other Spending

Senate Will Vote Today on War Supplemental -- and Paying for It

A close vote is expected today to end debate in the senate on a $59 billion supplemental that includes funding for operations in Iraq and Afghanistan...
May 26, 2010 | Taxes| Other Spending

Spending Cuts Make Good Offsets Too

The extenders bill the House is considering would cost $190 billion between 2010-2020. Only $56 billion of that would be offset.Emergency...
May 26, 2010 | Budgets & Projections

Live Webcast: Fiscal Commission's Second Meeting

The President's Fiscal Commission is holding its second public meeting, which is being webcast live on the White House's website. We've embedded the...

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