FISCAL BLOG

So far, federal measures to support small businesses have amounted to $760 billion.

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Before the pandemic, the U.S. economy was in its longest expansion since World War II and had notably low unemployment. The pandemic and the resulting reductions in social and economic activity, however, have altered that trajectory.

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COVID-19 has spread to nearly every country in the world, and to help reduce the health risk and save lives, many countries have imposed limitations on business activity, congregating, and traveling.

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U.S. defense spending increased substantially from 2018 to 2019 relative to other countries.

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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.

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In response to the COVID-19 pandemic, elected leaders have asked the American people to stay at home and have forced businesses to close to mitigate the spread of the virus.

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The decrease in GDP in the first quarter was driven by a decline in consumption and investment.

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The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.

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The recent outbreak of COVID-19 has caused a severe public health crisis as well as substantial economic disruption for every American.

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Social Security and Medicare are facing serious financial difficulty in the near future.

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Understanding the Coronavirus Crisis

Key fiscal and economic indicators as the nation responds and recovers.

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.