The Economy Is Getting Close to Its Pre-Pandemic Level
The continued economic recovery and reopening of businesses has been fueled by COVID relief programs and an accelerating vaccination effort.
Read MoreCould COVID Relief Lead to Inflation? Here’s What Economists Are Saying
Despite the consensus among economists that some amount of inflation is likely to occur in the near term, their level of concern varies.
Read MoreHow 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.
Read MoreHow Is the Government Supporting Small Businesses During the Coronavirus Pandemic?
America’s small businesses have been severely impacted by the pandemic — and lawmakers have focused a significant part of federal relief on helping them.
Read MoreLong-Term Unemployment Has Quadrupled, and That’s a Problem for the Economy
The long-term unemployed now account for 42 percent of all unemployed workers, up from 19 percent before the pandemic.
Read MoreHow Has the Coronavirus Pandemic Affected Federal Spending on SNAP?
Since April 2020, the federal government has spent an average of $9 billion per month on SNAP.
Read MoreIt’s Been 28 Years Since We Last Raised the Gas Tax, and Its Purchasing Power Has Eroded
The decline in purchasing power has important implications for the federal budget and our nation’s infrastructure.
Read MoreInfographic: What’s in the American Rescue Plan?
Here’s a breakdown of the major programs in the American Rescue Plan and how much they cost.
Read MoreHere’s How Raising the Minimum Wage Would Affect Everything from Household Incomes to the National Debt
Setting a higher minimum wage would affect family incomes in a variety of ways, including increasing earnings for most low-wage workers and lifting some families out of poverty.
Read MoreBreaking Down the $48 Billion of Airline Industry Payroll Support in Coronavirus Relief Legislation
As of January 29, 2021, the Department of the Treasury disbursed over $34 billion of the total $48 billion allocated to air carriers through the PSP1 and PSP2.
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