Blog Posts
May 22, 2020
What Support Are Small Businesses Receiving During the Coronavirus Pandemic?
So far, federal measures to support small businesses have amounted to $760 billion.
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Blog Posts
May 22, 2020
How Has the Coronavirus Affected the U.S. Economic Outlook
Before the pandemic, the U.S. economy was in its longest expansion since World War II and had notably low unemployment. The pandemic and the resulting reductions in social and economic activity, however, have altered that trajectory.
https://www.pgpf.org/blog/2020/05/how-the-coronavirus-has-affected-our-economic-outlook
Blog Posts
May 21, 2020
The Coronavirus Pandemic Has Caused a Massive Increase in Claims for Unemployment Insurance
During the week that ended on May 16, 2.4 million people filed for unemployment insurance. That capped off a nine-week period during which a total of 39 million individuals filed a claim.
Blog Posts
May 21, 2020
How Does the U.S. Economic Response to Coronavirus Compare to the Rest of the World?
COVID-19 has spread to nearly every country in the world, and to help reduce the health risk and save lives, many countries have imposed limitations on business activity, congregating, and traveling.
Blog Posts
May 15, 2020
The United States Spends More on Defense than the Next 10 Countries Combined
U. S. defense spending increased substantially from 2018 to 2019 relative to other countries.
Blog Posts
May 13, 2020
The Coronavirus Has Led to a Surge in Spending on Unemployment Compensation
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.
Blog Posts
May 12, 2020
How Many Coronavirus Stimulus Checks Have Been Sent Out So Far?
The IRS has issued about 130 million direct payments to Americans — totaling more than $200 billion — to help mitigate the financial burden of the COVID-19 pandemic.
https://www.pgpf.org/blog/2020/05/how-many-coronavirus-stimulus-checks-have-been-sent-out-so-far
Blog Posts
May 11, 2020
The Coronavirus Caused the Deficit to Balloon in April — Usually a Surplus Month
A large decrease in revenues and a large increase in spending have led the Congressional Budget Office to estimate a deficit of $737 billion in April 2020.
Blog Posts
May 8, 2020
April Unemployment Data Show Devastating Effects of the Coronavirus Pandemic on the Labor Market
In response to the COVID-19 pandemic, elected leaders have asked the American people to stay at home and have forced businesses to close to mitigate the spread of the virus.
Blog Posts
May 7, 2020
What Role Has Federal Debt Played in the Response to the COVID-19 Pandemic?
The federal government has enacted four pieces of legislation that provide important relief to individuals and corporations that have been impacted by the COVID-19 pandemic.