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The Biden administration has put forward an ambitious slate of economic policy proposals aimed at addressing a range of national challenges — as well as ways to offset this significant new spending. While it’s important to pay for new priorities, our nation remains on an unsustainable fiscal path that threatens our future economy.
Democratic leaders have revealed specific details for how they intend to pay for, or offset, the approximately $3.5 trillion of spending in their reconciliation bill.Read More
The proposed $1 trillion infrastructure bill could benefit the economy, but less so if financed through deficit spending.Read More
Despite lawmakers’ claims, analysts anticipate that a large portion of the spending called for by the infrastructure package will need to be deficit financed.Read More
The economy continued to grow in the third quarter of 2021, but at a slightly slower pace than previous quarters due to the delta variant of COVID-19.Read more
Infrastructure investment has important impacts on the economy, and this piece examines the economic effects that could be expected from the bipartisan physical infrastructure plan that is currently being debated.Read More
Lawmakers have now passed a total of six major COVID relief bills at a cost of $5.3 trillion to help our nation cope with the devastating health and economic impacts of the coronavirus pandemic. The latest bill, the American Rescue Plan, comes with a $1.9 trillion price tag, and includes everything from stimulus checks to certain taxpayers to aid for local governments. Here's a breakdown of the major programs.
To respond to the devastating health and economic effects of the coronavirus (COVID-19) pandemic, federal policymakers have enacted several bills, which include significant funding for new and existing programs to aid individuals, businesses and governments across the country. See how much has gone to each state.
The administration and Congress have suggested adding new sources of revenue through various types of taxation of wealth.
The coronavirus (COVID-19) pandemic is an unprecedented national emergency requiring a significant federal response. This page provides resources and analysis, tracking the actions our leaders are taking to respond, and providing insights on the state of America’s fiscal and economic outlook during the recovery.
A secure fiscal foundation creates economic opportunity and prosperity for the next generation.