The federal budget deficit for the 2021 fiscal year is nearly $1 trillion, and the debt is estimated at more than $24 trillion. And as emergency spending measures have been taken to fight COVID-19 — including assisting small businesses —…
The federal fiscal response to the coronavirus outbreak in the U.S. has properly focused on two objectives: fight the virus and stabilize the domestic economy. To date, Congress and the president have enacted three pieces of emergency legislation, each one…
As the nation grapples with devastating healthcare and economic consequences of the spreading COVID-19 pandemic, policymakers in Washington have been ratcheting-up their responses. Bills and proposals have included actions to fight the virus, maintain employment and stimulate the economy. Given…
Before the ink was dry on the $2 trillion CARES Act, the third and largest coronavirus rescue package enacted to date, it was evident that Congress would need to pass another. Over 10 million Americans have filed for unemployment insurance…
