Committee for a Responsible Federal Budget

Economics

Economics Issue Area

Latest

What's in the Final COVID Relief Deal of 2020?

Lawmakers passed a new COVID relief deal on December 21, 2020, which was subsequently signed into law by the President on December 27. The deal in...

What’s in the Bipartisan COVID Relief Bill?

Lawmakers Monday released the full text of a $908 billion bipartisan stimulus package, which was released in summary form back on December 1 . The...

Could a COVID Relief Deal Close the Output Gap?

Policymakers from both parties have endorsed plans to provide over $900 billion of COVID relief as part of a year-end funding deal. Democratic...

Policymakers Should Avoid Austerity in Addressing the Debt

The economy remains weak and may be headed for a double-dip recession this winter . Though COVID relief enacted to date has been largely successful...

GDP Did Not Just Increase 33%

Today's advanced third quarter GDP estimates from the Bureau of Economic Analysis are being reported as showing 33 percent economic growth. This...

CBO Shows "Interest" in Greater Transparency

The Congressional Budget Office (CBO) took another step last week towards greater transparency when it published an interactive workbook that allows...

IMF Report Underscores Need for Long-Term Deficit Reduction in U.S.

The International Monetary Fund (IMF) made news earlier this week when it issued a report saying that most advanced economies will not need future...

Comparing Fiscal Multipliers

The United States is currently facing one of its worst economic and public health crises as a result of COVID-19. Though substantial COVID relief has...

Janet Yellen and Jared Bernstein: The Senate Is on Vacation While Americans Starve

Janet Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, a former Chair of the Federal...