Committee for a Responsible Federal Budget

Economy

How Big Should the Next COVID Package Be?

With over $2 trillion of fiscal support now out the door, Congress is considering additional legislation to help stabilize the economy, support the...

CBO Releases New Economic Projections

Today, the Congressional Budget Office (CBO) released updated economic projections, i

How Does COVID Relief Compare to Great Recession Stimulus?

Congress has enacted five pieces of legislation and committed $3.6 trillion of fiscal support so far to address public health and economic...

What's in the $3 Trillion HEROES Act?

Updated on 6/3/2020 to reflect CBO's estimate of the HEROES Act.

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.

Tim Penny: Pandemic-related federal aid: Make it fast, but also make it prudent

The reason to maintain fiscal order during a strong economy is to make room for a robust fiscal response during times of crisis. Looking back, it’s...

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...

COVID Money Tracker: Paycheck Protection Program

The Paycheck Projection Program (PPP) was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small businesses...
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The COVID-19 Recession Is Unfolding Faster than the Great Recession – and So Is the Response

The current economic contraction caused by the novel coronavirus (COVID-19) pandemic appears to be larger than the Great Recession and is unfolding...
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COVID Money Tracker Launches to Enhance Transparency

Congress has already approved more than $2 trillion in fiscal measures to deal with the unprecedented economic and public health crisis caused by the...

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