FISCAL BLOG

A pair of top policy experts offer insights into the economy, the effectiveness of relief legislation, and what it all means for the election and beyond.

The CARES Act granted stimulus checks to Americans to mitigate economic damage, but was it effective? Find out how stimulus checks affected the economy.

COVID-19 has contributed to a rising gap between federal spending and revenues. Find out just how wide that gap is.

Military activities are funded by federal appropriations. Learn more about how military spending is used to meet national priorities in war zones.

Despite the increased federal deficit, the expansion of safety net programs have led to generally effective stimulus of the economy.

Real GDP could have contracted by an annualized 46.2 percent in the second quarter if there had not been any fiscal response.

Here are five key takeaways from CBO’s latest projections that show the path of federal revenues, spending, and debt through 2050.

The coronavirus (COVID-19) pandemic has contributed to a significant budget crunch at the state level that threatens a range of basic government programs and services. Some states were better prepared than others to handle this crisis.

The Federal Reserve's lending facilities are one of the many policy tools the central bank is using to stabilize the economy in response to the pandemic.

Here are five key takeaways from the first CBO analysis to fully take into account the economic effects of the pandemic and the legislative response to it.