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Even if Congress raises the debt limit and avoids default, last-minute brinksmanship alone has the potential to create economic damage.
https://www.pgpf.org/blog/2021/07/how-the-lack-of-action-on-the-debt-limit-can-hurt-the-economy
The outbreak of COVID-19 has been both a public health and an economic crisis. In particular, the closure of many businesses has resulted in an unprecedented surge in unemployment claims in the United States.
The United States currently faces a range of complex challenges including deteriorating infrastructure, a changing climate, and an inadequate system of education.
When most Americans think about businesses in this country, the word “corporation” may come to mind — but the truth is that the vast majority of businesses in the United States are not structured as traditional corporations, but as pass-through entities.
Despite the consensus among economists that some amount of inflation is likely to occur in the near term, their level of concern varies.
Here’s an overview of inflation, why it matters, and how it’s managed.
https://www.pgpf.org/budget-basics/what-is-inflation-and-why-does-it-matter
As the nation continues to battle the devastating effects of the pandemic, new data from the Bureau of Economic Analysis (BEA) shows a sharp drop in the rate of economic growth at the end of last year, while the nation’s economy overall remains significantly below pre-pandemic levels.
https://www.pgpf.org/blog/2021/01/q4-gdp-continues-to-grow-though-at-a-much-slower-pace
Healthcare workers, providers, and hospitals have been on the front lines of the COVID-19 pandemic, but how has the U.S. government supported the sector? Find out more.
https://www.pgpf.org/blog/2020/10/how-much-has-coronavirus-relief-helped-healthcare-providers
The increase recorded in the July–September quarter represents a significant rebound in economic activity, but many are cautioning that the recovery is far from complete, and real GDP lags significantly behind pre-pandemic levels.
As the White House and Congressional leaders continue to discuss additional coronavirus (COVID-19) legislation, a pair of top policy experts offered insights into the state of the economy, the effectiveness of relief legislation enacted thus far and what it all means for the election and beyond.