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The first piece in our series on the effectiveness of the fiscal response to the COVID-19 pandemic, will take a look at how the government’s response to the pandemic affected the nation’s economy.
https://www.pgpf.org/blog/2020/09/how-did-the-fiscal-response-to-the-coronavirus-help-the-economy
In August, the federal government spent $9.3 billion on SNAP — which is 76 percent higher than the amount spent in March.
https://www.pgpf.org/blog/2020/09/how-has-the-coronavirus-pandemic-affected-federal-spending-on-snap
Amid ongoing negotiations in Washington since the expiration of key relief programs, 89% of voters say that America needs another coronavirus economic aid package, according to the latest Financial Times-Peterson Foundation US Economic Monitor.
The Internal Revenue Service (IRS) had issued 159 million direct payments to Americans — totaling nearly $267 billion — to help mitigate the financial burden of the COVID-19 pandemic.
https://www.pgpf.org/blog/2020/09/how-many-coronavirus-stimulus-checks-have-been-sent-out-so-far
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2019, charted out monthly and on a year-over-year basis.
The Federal Reserve’s lending facilities are one of the many policy tools the central bank is using to stabilize the economy in response to the coronavirus (COVID-19) pandemic.
Climate and weather-related natural disasters are becoming increasingly frequent. In addition to endangering lives, they are economically costly.
https://www.pgpf.org/budget-basics/what-is-the-disaster-relief-fund
The Provider Relief Fund, administered by the Department of Health and Human Services, distributes payments to hospitals and other healthcare providers on the front lines of the coronavirus response.
https://www.pgpf.org/blog/2020/09/what-is-the-provider-relief-fund
As of August 27, 2020, the Treasury has disbursed nearly all of the total $150 billion allocated in the Coronavirus Relief Fund.
https://www.pgpf.org/blog/2020/09/what-is-the-coronavirus-relief-fund-how-much-is-left-in-it
Tax breaks totaled nearly $1.5 trillion in 2019. To put that in perspective, that’s more than the government spends on Social Security, defense, or Medicare.
https://www.pgpf.org/blog/2020/08/eight-of-the-largest-tax-breaks-explained