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The coronavirus pandemic has caused a severe public health crisis as well as substantial economic disruption for every American. So far, lawmakers have enacted five separate pieces of legislation.
Here's a breakdown of the major programs in the American Rescue Plan and how much they cost.
https://www.pgpf.org/infographic/whats-in-the-american-rescue-plan
Setting a higher minimum wage would affect family incomes in a variety of ways, including increasing earnings for most low-wage workers and lifting some families out of poverty.
As of January 29, 2021, the Department of the Treasury has disbursed over $34 billion of the total $48 billion allocated to air carriers through the PSP1 and PSP2.
As lawmakers continue to explore policies to help the nation recover from the economic damage caused by the pandemic, a key part of the discussion is how stimulus checks should be structured and targeted for maximum effectiveness. Looking at recent spending and saving trends offers some clues.
https://www.pgpf.org/blog/2021/02/should-stimulus-checks-go-to-higher-income-americans
The economic recovery is expected to continue and gross domestic product (GDP) will return to its pre-pandemic level by the middle of this year, according to the latest data from the Congressional Budget Office (CBO).
https://www.pgpf.org/blog/2021/02/new-projections-for-unemployment-gdp-inflation-and-interest-rates
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
Putting our economy on a path to recovery continue to be the most pressing priorities for our nation. At the same time, our fiscal outlook has worsened considerably.
The economic impact of the coronavirus has been profound, but it has not been felt equally by all demographic groups.
https://www.pgpf.org/blog/2020/12/five-key-takeaways-from-the-unemployment-data