Lifting the Debt Ceiling Has Been Paired with Budget Reform in the Past
Earlier this year, the United States once again hit its debt ceiling, which is currently capped at $31.4 trillion.
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Earlier this year, the United States once again hit its debt ceiling, which is currently capped at $31.4 trillion.
Generally, states with larger populations have been receiving more federal dollars from COVID-19 relief programs as such states typically have more unemployed persons, small businesses, and healthcare providers to which that relief has been targeted.
https://www.pgpf.org/blog/2021/04/why-do-states-receive-different-amounts-of-federal-covid-aid
One key component of the $1.9 trillion package is an estimated $362 billion in federal aid to state, local, territorial, and tribal governments to cover expenditures incurred due to the public health emergency.
Since April 2020, the federal government has spent an average of $9 billion per month on SNAP.
https://www.pgpf.org/blog/2021/03/how-has-the-coronavirus-pandemic-affected-federal-spending-on-snap
The pandemic has caused a public health crisis as well as substantial economic disruption. So far, lawmakers have enacted six separate pieces of legislation.
Borrowing costs have increased rapidly over the past year and will grow through the next decade.
COVID-19 has contributed to a rising gap between federal spending and revenues. Find out just how wide that gap is.
https://www.pgpf.org/blog/2020/10/the-gap-between-federal-spending-and-revenues-has-grown-rapidly
The Federal Reserve's lending facilities are one of the many policy tools the central bank is using to stabilize the economy in response to the pandemic.
Coronavirus relief legislation is expected to increase federal deficits by $2.4 trillion over the next decade.
Federal Reserve Chairman Jerome H. Powell expressed concern about America's fiscal outlook and how it may affect our economic future.