- The Fiscal
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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.
The proposed $1 trillion infrastructure bill could benefit the economy, but less so if financed through deficit spending.Read More
President Biden outlined the details of the American Families Plan (AFP), a $1.8 trillion package including major new investments in education, childcare, healthcare, and family leave.Read More
The President’s budget for fiscal year 2022 calls for a large increase in nondefense discretionary spending next year as well as substantial spending for infrastructure and social programs over the upcoming decade.Read More
The continued economic recovery, fueled by consumer spending, brought economic output back to its pre-pandemic level just a year after the worst economic contraction ever recorded.Read more
The way in which Americans have been spending their stimulus checks has differed across each round of payments.Read More
The unprecedented size of the economic disruption put the safety net to the test, revealing weaknesses that often prevented support from reaching some of the neediest families in a timely manner.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.