FISCAL BLOG

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.

The United States has generally focused more on supplementing incomes while other countries have adopted wage-subsidy programs.

A large decrease in revenues and a large increase in spending have led the Congressional Budget Office to estimate a deficit of $737 billion in April 2020.