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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.

Nov 12, 2009 | Budgets & Projections

Administration Claims Extra TARP Cash Is Deficit Reduction

This morning, a Wall Street Journal article reported that the White House intends to use some of the remaining TARP cash for deficit reduction, while...
Nov 12, 2009 | Budgets & Projections

Monthly Treasury Statement Shows $1.417 trillion Final Deficit Number for FY 2009

The Monthly Treasury Statement is out, and states that Fiscal Year 2010 is off to a perilous start. The deficit for the month of October is ringing...
Nov 11, 2009 | Economics

High Unemployment Numbers Displayed in Interactive Graphics

Last Friday, we blogged on new information from the Bureau of Labor Statistics reporting the astonishingly high monthly unemployment rate for October...
Nov 11, 2009 | Budgets & Projections

Gaps Return to State Budgets

In a recent report from the Center on Budget and Policy Priorities (CBPP), mid-year budget shortfalls, totaling $16 billion or 4 percent of these...

Stop Us Before We Spend Again

President of the Committee for a Responsible Federal Budget, Maya MacGuineas, testified before the Senate Budget Committee on proposals to form a...
Nov 10, 2009 | Budgets & Projections

Treasury Ends Capital Assistance Program

Yesterday, the Treasury announced that the Capital Assistance Program (CAP), one of TARP’s several programs, will close, having made no...
Nov 10, 2009

CRFB on Capitol Hill

Maya MacGuineas, President of the Committee for a Responsible Federal Budget, will testify today before the Senate Budget Committee on proposals to...
Nov 10, 2009

Bill to Extend Key Stimulus Measures Becomes Law

On Friday, the President signed into law a bill to extend several notable provisions under February's American Recovery and Reinvestment Act. The...
Nov 9, 2009 | Health Care

House Passes Health Reform Legislation Saturday

The House passed health care overhaul legislation on Saturday night by a vote of 220 – 215, with 39 Democrats opposing the bill and one...
Nov 9, 2009

Five More FDIC Bank Closings

On Friday evening, the FDIC reported that it has taken over an additional five banks (United Commercial Bank, Gateway Bank of St. Louis, Propseran...
Nov 9, 2009 | Economics

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:The Washington Post criticized the House health care bill...
Nov 6, 2009 | Health Care

Event Recap: Will Health Reform Heal the Federal Budget?

This morning, US Budget Watch, a joint project of the Committee for a Responsible Federal Budget and The Pew Charitable Trusts, hosted an event on...

CBO/JCT Report Roundup

A number of very interesting and relevant reports have come out of the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) this...
Nov 6, 2009 | Economics

Unemployment Rate Now above 10%, Highest Since 1983

According to the Bureau of Labor Statistics’ monthly report, the unemployment rate made a stunning leap in October from 9.8% in September to 10...
Nov 5, 2009 | Health Care

US Budget Watch Releases Updated Charts Comparing Health Reform Bills

US Budget Watch has updated a number of charts comparing the latest versions of the health care reform bills. Included is the new Republican version...
Nov 5, 2009 | Budget Process

Want to See a Budget Gimmick in Action?

UPDATE: The Senate has passed a bill to extend jobless benefits, a bill which also includes the extension in the homebuyer tax credit and carry-back...
Nov 4, 2009 | Health Care

Health Bills Don't Go Far Enough to Cut Costs

In today's Washington Post, Ceci Connelly has an article titled, "Health Bills are too Timid on Cutting Costs, Experts Say."...

Understanding Federal Commitments to Housing and Health Care

Yesterday, the Congressional Budget Office put out An Overview of Federal Support for Housing. In the report, CBO outlined the nearly $300 billion in...
Nov 3, 2009 | Budgets & Projections

Orszag Promises Deficit Reduction Next Year

In a speech given today at New York University, OMB Director Peter Orszag said the Administration intends to cut the deficit in half by the end of...
Nov 3, 2009 | Health Care

Event: Will Health Care Reform Heal the Federal Budget?

This Friday, November 6th U.S. Budget Watch will be hosting an event, "Will Health Care Reform Heal the Federal Budget?" This event aims to...

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