FISCAL BLOG

Spending on children is shrinking as a percent of GDP.

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A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.

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The coronavirus (COVID-19) pandemic has caused federal spending on Medicaid to rise sharply as millions of Americans seek benefits under the program.

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The first piece in our series on the effectiveness of the fiscal response to the coronavirus pandemic, will take a look at how the government’s response to the pandemic affected the nation’s economy.

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In August, the federal government spent $9.3 billion on SNAP — which is 76 percent higher than the amount spent in March.

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

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The Internal Revenue Service (IRS) had issued 159 million direct payments to Americans — totaling nearly $267 billion — to help mitigate the financial burden of the COVID-19 pandemic.

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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.

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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 coronavirus (COVID-19) pandemic.

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Today, the non-partisan Congressional Budget Office (CBO) released its baseline budget projections for the next decade – its first analysis to fully take into account the economic effects of the coronavirus (COVID-19) pandemic and the legislative response to it.

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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.