FISCAL BLOG

Here are some notable trends showing how lower levels of government have spent some of their relief funds.

In 2022, America faces key questions about rising inflation, new COVID variants, growing national debt and an uncertain economic recovery. To help shed light on a complex set of factors and indicators, the Peterson Foundation brought together two leading experts for the latest edition of the Economic Forum.

Although the costliest measures are anticipated to contribute the most to the economy, CBO found those measures are not necessarily expected to provide the most bang for the buck.

For the first time in five years, the official poverty rate was higher than it was in the prior year, a result of the pandemic.

These charts tell the fiscal story of 2021 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.

Here is a breakdown of the estimated remaining $850 billion in funds for COVID-19 relief programs.

The Build Back Better Act includes spending on a wide variety of policy areas. If enacted, the legislation would provide benefits for many lower-income households and take steps to address climate change and other social investments.

Despite lawmakers’ claims, analysts anticipate that a large portion of the spending called for by the infrastructure package will need to be deficit financed.

With our economy in recovery, the national debt rising unsustainably, the country still grappling with a devastating pandemic, and lawmakers pursing significant new legislation, America faces many critical questions for its future. To shed light on the best way forward, two top economists participated in a panel discussion as part of the latest edition of the Peterson Foundation Economic Forum.

There were 531,000 jobs added in October. However, the unemployment rate remains high, especially for non-white workers.