A Year after the Worst Economic Contraction Ever Recorded, Output Returns to Pre-Pandemic Levels
The continued economic recovery, fueled by consumer spending, brought economic output back to its pre-pandemic level.
Read MoreHow Will Interest Rate Changes Affect Federal Debt and Deficits?
Due to the COVID-19 pandemic and the resulting monetary policy response, short-term interest rates are currently near zero and longer-term rates are historically low.
Read MoreWhat to Know About the New Monthly Child Tax Credit Payments
A key provision of the ARP advances half of the expected credit for 2021 in periodic payments, which have now begun.
Read MoreDoes Lowering or Raising Corporate Taxes Affect How Businesses Invest in the Economy?
Changes to the U.S. corporate income tax system may influence domestic investment, economic growth, hiring, and how much revenue the federal government raises.
Read MoreWhat’s in the American Families Plan?
President Biden’s budget for fiscal year 2022 outlines new details of the $1.7 trillion American Families Plan (AFP).
Read MoreSpending 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.
Read MoreWhat’s in Biden’s Infrastructure Plan and How He Proposes Paying for It
The nearly $2.6 trillion American Jobs Plan aims to address transportation and other infrastructure issues as well as climate change, caregiving, and housing.
Read MoreNew Poll: 9 in 10 Voters Say Lawmakers Should Pay for Infrastructure
Vast majorities of voters — including Democrats and Republicans — are calling on leaders to pay for their infrastructure priorities.
Read MoreInfographic: What Is in the American Jobs Plan?
The proposed American Jobs Plan would be a massive investment in a range of national priorities including transportation, climate change, caregiving, and housing.
Read MorePresident Biden’s Budget Calls for Increased Spending on Education, Housing, Veterans, and More
President Biden’s request for discretionary funding for fiscal year 2022 would substantially increase funding for nondefense programs.
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