FISCAL BLOG

Real GDP could have contracted by an annualized 46.2 percent in the second quarter if there had not been any fiscal response.

Here are five key takeaways from CBO’s latest projections that show the path of federal revenues, spending, and debt through 2050.

The coronavirus (COVID-19) pandemic has contributed to a significant budget crunch at the state level that threatens a range of basic government programs and services. Some states were better prepared than others to handle this crisis.

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.

Here are five key takeaways from the first CBO analysis to fully take into account the economic effects of the pandemic and the legislative response to it.

The pandemic exposed major U.S. healthcare issues, but key lessons can help improve the system going forward, according to two leading experts.

Over the weekend President Trump signed executive actions related to unemployment insurance, payroll tax relief, student debt, and housing evictions.

The IMF estimates that real GDP in the United States will fall by 8 percent in 2020, according to the latest update to their World Economic Outlook report.

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.