To date, the Paycheck Protection Program has disbursed over $500 billion in loans to 5 million businesses. But has it been effective?
New economic growth statistics confirm that the American economy continues to suffer historic damage during the coronavirus pandemic.
Policymakers have authorized an estimated $3.6 trillion in federal spending to help counter the economic effects of the coronavirus pandemic.
Coronavirus relief legislation is expected to increase federal deficits by $2.4 trillion over the next decade.
It's going to take at least a decade for the labor market to recover from the coronavirus pandemic, according to the latest data from the CBO.
Without federal intervention, many services could be drastically reduced to meet balanced budget requirements.
Properly addressing the nation's aging infrastructure requires action not only at the federal level, but also at the state and local levels.
America's economic rebound from the pandemic seems to have begun, according to Phillip Swagel, the director of the nonpartisan Congressional Budget Office.
New data from the Bureau of Labor Statistics show that the labor market experienced an unexpected improvement in May.
The U.S. economy was in its longest expansion since World War II. The pandemic, however, has altered that trajectory.
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