Committee for a Responsible Federal Budget
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Blog | November 2009

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 18, 2009 | Budgets & Projections

Debt Hits $12 Trillion

This week, the gross national debt hit a record $12.031 trillion. Gross debt is a broad measure which includes both debt held by the public (...
Nov 17, 2009 | Economics

GM Outlook Improves Despite Q3 Losses

Early this week, General Motors stated that while it is still experiencing losses, it has stabilized itself enough so that the company can begin...
Nov 17, 2009

Several Executives Predict Third Stimulus

Several executives from General Electric and Bank of America Merrill Lynch said early this week in a BofA Merrill Lynch webcast that they see...

CMS Analyzes House Health Care Bill

On Friday, the Centers for Medicare & Medicaid Services (CMS) released a report estimating the effects of the House health care reform...
Nov 16, 2009 | Budget Process| Taxes

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:The New York Times applauds the House and Senate...
Nov 16, 2009

Three More FDIC Bank Closings

On Friday evening, the FDIC reported that it has taken over an additional three banks (Pacific Coast National Bank, Orion Bank, Century Bank) for a...

Freezing Discretionary Spending...

UPDATE: Stan Collender thinks we might be making ice mountains out of snow hills.According to a number of news reports, President Obama has begun...
Nov 13, 2009

FDIC to Collect Three Years of Premiums in Advance

The FDIC has just adopted a rule to require banks to pay at the end of 2009 the amount they would owe the FDIC for insurance premiums over the next...
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...

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