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Economic Growth in Early 2019 Was Stronger than Expected

Growth over the next few years is expected to slow as the recent fiscal stimulus wanes.

Economic Growth Slowed Significantly in Second Quarter

While growth in 2019 has exceeded expectations so far, many economists expect growth to remain lower in 2019 than in 2018.

How Much Government Spending Goes to Children?

Interest costs on the national debt are expected to rapidly outstrip spending on children in coming years.

How Much Has Coronavirus Relief Helped Healthcare Providers?

Healthcare workers, providers, and hospitals have been on the front lines of the COVID-19 pandemic, but how has the U.S. government supported the sector?

How Much of the Latest Federal Stimulus Will Go to State and Local Governments?

One key component of the $1.9 trillion package is an estimated $362 billion in federal aid to state, local, territorial, and tribal governments to cover expenditures incurred due to the public health emergency.

How Will the Coronavirus Pandemic Impact Social Security’s Finances?

Four analyses project a more rapid depletion of Social Security trust funds as a result of coronavirus, outpacing previous depletion projections.

Payroll Taxes: What Are They and What Do They Fund?

Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.

President’s Budget Relies on Optimistic Economic Projections and Unlikely Spending Cuts

The president’s budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.

Real GDP Falls a Record-Breaking 32.9% in Second Quarter

New economic growth statistics confirm that the American economy continues to suffer historic damage during the coronavirus pandemic.

Spending on Medicaid Spiked Due to the Coronavirus Pandemic

Federal spending on Medicaid may continue at high levels relative to its historical average as individuals who experienced a loss of income enroll.