Latest
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How Does COVID Relief Compare to Great Recession Stimulus?
We have published an abbreviated update of this analysis, incorporating additional legislation. We now find the COVID-19 response to be larger than...
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Webinar & Chartbook: Projecting COVID's Fiscal Impact
The United States is currently experiencing one of its sharpest economic crises in modern history as a result of the global COVID-19 pandemic and...
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Over Half the COVID Fiscal Support is Now Out the Door
In response to the current pandemic and economic crisis, Congress and the President have enacted $4 trillion in spending, benefit payments, grants...
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Paycheck Protection Program Flexibility Act Signed Into Law
Last week, the President signed into law H.R. 7010, the Paycheck Protection Program Flexibility Act, which the House and Senate passed on May 28 and...
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Committee President Maya MacGuineas Testifies on Need for Improved Oversight, Accountability of COVID-19 Relief Funds
For Immediate Release Committee for a Responsible Federal Budget president Maya MacGuineas will testify today, June 3, before a newly established...
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Maya MacGuineas Testifies at COVID-19 Fiscal Oversight Hearing
To ensure oversight of the trillions of dollars in economic relief authorized to fight the COVID-19 pandemic and resulting economic downturn, the...
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Webinar & Chartbook: What's the Status of COVID Relief Money?
On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law, the most sweeping economic recovery...
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Maya MacGuineas's Testimony on Pandemic Response Oversight
On June 3, 2020, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the Pandemic Response Accountability Committee...
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What's in the $3 Trillion HEROES Act?
Updated on 6/3/2020 to reflect CBO's estimate of the HEROES Act. The House recently approved the HEROES Act designed to further address the public...
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Chartbook: The COVID-19 Crisis and Federal Response
The economic crisis sparked by the COVID-19 pandemic has been sharper and more dramatic than any we have experienced in our nation’s history. Likewise...
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CBO Releases Interim Economic Projections
The Congressional Budget Office (CBO) has released a new set of economic projections for 2020 and 2021 showing a sharp economic contraction during the...
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75% of Economic Impact Payments Have Been Paid So Far
The $1.7 trillion CARES Act included an estimated $293 billion for direct payments to individuals, officially deemed “Economic Impact Payments.” These...