Sep 21, 2020 | Budgets & Projections
CBO Releases 2020 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its 2020 Long-Term Budget Outlook, showing the federal budget is on an unsustainable long-...
Blog | September 2020
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.
Sep 18, 2020 | Taxes
Maya MacGuineas Joins ABC News Live to Discuss Payroll Tax Deferral
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on ABC News Live. She joined the show to discuss the...
Sep 16, 2020 | Other Spending
COVID Relief Includes $360 Billion of State and Local Aid
This analysis has been updated based on new information. As of October 15, we estimate roughly $280 billion of allowed federal aid to state and...
CBO Projects Major Trust Fund Exhaustions on the Horizon
A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources and...
Sep 10, 2020 | Other Spending
$2.2 of $4 Trillion in Fiscal Relief is Out the Door
We update our interactive COVID Money Tracker tool every week to reflect new COVID relief spending and estimates.
This week's...
Sep 2, 2020 | Budgets & Projections
CBO Projects Debt Will Reach New Record
The Congressional Budget Office (CBO) just released its updated Budget Outlook, showing that the COVID-19 public health and economic crisis has...
Sep 1, 2020 | Other Spending
How Much COVID Relief Have Public and Private Schools Received?
At least $42 billion has been committed or disbursed to the education sector from COVID relief legislation. We estimate:
About 55 ...