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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.

Oct 22, 2009 | Budgets & Projections

A New TARP Program for Community Banks

The Administration has just announced a new small business lending initiative under the Treasury’s TARP. According to a White House release,...

President Signs $121 Billion Farm Bill

Yesterday, President Obama signed the Agriculture Appropriations bill into law. The $121 billion measure includes $58 billion for food stamps -- a 7...
Oct 22, 2009 | Health Care

Update on Senate “Doc Fix” Legislation

The Medicare physician payment bill (S 1776) sponsored by Senator Stabenow was defeated yesterday by a Senate vote of 47-53, as twelve Democrats...
Oct 21, 2009 | Economics

Beige Book Results

Today, the Fed released its latest Beige Book, with each Fed bank reporting on current economic conditions within its district. Reports from Fed...

Healthcare Savings Likely to be Eclipsed by Stimulus Extensions

Forbes had a piece Monday by Alex Brill and Amy Roden of the American Enterprise Institute about the potential for stimulus programs to expand...
Oct 21, 2009

About Those Additional Stimulus Ideas...

With unemployment still growing, rising from 9.7 percent in August to 9.8 percent this past September, discussions have developed over the potential...
Oct 20, 2009 | Taxes

Only 30% of 2008 Tax Rebates Spent

Recently, the Bureau of Labor Statistics (BLS) reported on the results of the Economic Stimulus Payments, or tax rebates, of early 2008.Those who...
Oct 20, 2009

The Deficit Warnings Keep Coming

 In a speech on global imbalances, Fed Chairman Bernanke again warned about the need to put the U.S. on a sustainable fiscal path, saying:...
Oct 19, 2009 | Health Care

US Budget Watch Releases Analysis of Fiscal Implications of Health Care Reform Plans

Today US Budget Watch released "Evaluating Health Care Plans: An Analysis of the Short- and Long-Term Fiscal Implications of Reform Plans....
Oct 19, 2009 | Budget Process| Health Care

Congress Debates Medicare Payment Patches

Update: Debate on this issue got pushed back until today in the Senate. CRFB recently released this press release on the issue: Don't Let...
Oct 19, 2009 | Economics| Budget Process| Taxes

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:In an editorial titled, “2.47 trillion dimes,”...
Oct 19, 2009 | Budgets & Projections

How the CBO Estimates Cost

UPDATE: Pete Davis and Donald Marron commented on this story and defend the CBO as the best way to estimate cost. Douglas Holtz-...
Oct 19, 2009

One More FDIC Bank Closing

On Friday evening, the FDIC reported that it has taken over an additional bank (San Joaquin Bank) for a cost to the FDIC of around $103 million. This...
Oct 17, 2009 | Budgets & Projections

A Really Big Deficit

The message from the end of the year deficit number is clear: we must start planning how to get the deficit under control. A $1.4 TRILLION...
Oct 16, 2009 | Social Security

Obama Nominates New Social Security Trustees

Today, the White House nominated Charles Blahous, III and Robert Reischauer. Both have been nominated to fill vacant posts for public trustees on the...
Oct 16, 2009

Say 'Bayh' to the Debt?

This week, Senator Bayh (D-IN) and nine other Democratic senators sent a letter to Senator Harry Reid (D-NV) expressing concern over the size of the...
Oct 16, 2009 | Taxes| Other Spending

Meeting Today of President's Economic Recovery Advisory Board

Today PERAB, otherwise known as the Tax Reform Subcommittee of the President's Economic Recovery Advisory Board, is holding a meeting focusing on tax...
Oct 15, 2009 | Social Security

Administration Proposes One-Time Payment to Seniors

Today, the Social Security Administration (SSA) announced that, in light of the deflation experienced over the past year, there will be no COLA for...
Oct 15, 2009 | Taxes

Vetting the VAT

In a recent op-ed, Henry Aaron and Belle Sawhill argued that a value added tax (VAT) – a tax on consumption imposed piece-wise in various...
Oct 14, 2009 | Taxes

Congress pressured to extend tax credit for homebuyers

Today Congressional Quarterly reported that Congress is feeling pressure to extend the tax credit for homebuyers that was included in the...

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