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Breaking Down the Coronavirus Relief Spending — How Much Direct Aid Has Gone Out the Door So Far?
Policymakers have authorized an estimated $3.6 trillion in federal spending to help counter the economic effects of the coronavirus pandemic.
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Policymakers have authorized an estimated $3.6 trillion in federal spending to help counter the economic effects of the coronavirus pandemic.
CBO prepares what is known as an alternative fiscal scenario, which can be helpful in understanding a range of potential outcomes.
https://www.pgpf.org/blog/2019/09/what-is-an-alternative-fiscal-scenario
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
Spending on healthcare in the United States has far outpaced other major healthcare systems without yielding better outcomes.
Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.
A newly updated report, prepared by Ernst & Young, reexamines the federal government's long-term fiscal outlook through the "fiscal gap" measure.
Real GDP could have contracted by an annualized 46.2 percent in the second quarter if there had not been any fiscal response.
https://www.pgpf.org/blog/2023/04/how-did-the-fiscal-response-to-the-coronavirus-help-the-economy
The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.
There are separate limits on the amount of funding that can be provided for defense and nondefense purposes through the appropriation process.
https://www.pgpf.org/blog/2018/03/budget-process-reform-what-are-budget-caps