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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.
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.
Despite improvements to the labor market since the start of the COVID-19 pandemic, the unemployment rate remains high, especially for non-white workers. Get the facts here.
https://www.pgpf.org/blog/2021/01/the-unemployment-rate-remains-historically-high
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2020, charted out monthly and on a year-over-year basis.
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
The outbreak of COVID-19 has become 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.
Our fiscal situation was already unsustainable, but COVID-19 certainly did not help. Learn how the pandemic compounded our financial challenges in 13 charts.
https://www.pgpf.org/blog/2020/12/13-charts-that-tell-the-fiscal-story-of-2020
While there is no single ideal way to deal with such a complex policy challenge as the pandemic, we can glean insights about how our responses have been working.
Here's an overview of some of the programs that face impending deadlines or are set to expire soon.
https://www.pgpf.org/blog/2020/11/several-coronavirus-relief-programs-are-set-to-expire-soon
The share of total pre-tax income has sharply increased for the wealthy, but decreased for low-income households.