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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.
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.
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 FT-Peterson US Economic Monitor will track voter sentiment on economic and fiscal issues for the twelve months leading up to the 2020 election.
In fiscal year 2020, the U.S. saw the largest budget deficit since 1945 at $3.1 trillion. Find out what contributed to these record-breaking stats.
The Coronavirus Relief Fund was meant to alleviate strained state and local government budgets, but has it? Find out how effective COVID-19 funding has been thus far.
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.
COVID-19 has contributed to a rising gap between federal spending and revenues. Find out just how wide that gap is.
https://www.pgpf.org/blog/2020/10/the-gap-between-federal-spending-and-revenues-has-grown-rapidly
The primary deficit focuses on the difference between government revenues and spending, excluding interest payments. Learn more about the U.S. primary deficit.
https://www.pgpf.org/blog/2020/10/what-is-the-primary-deficit