WASHINGTON DC (April 20, 2020) — Congress has already approved more than $2 trillion in fiscal measures to deal with the unprecedented economic and public health crisis caused by the coronavirus (COVID-19) pandemic, while the Federal Reserve has announced trillions of dollars in loans and other extraordinary measures, and it is extremely likely further action will be taken. To promote transparency and accountability, The Committee for a Responsible Federal Budget has launched the COVID Money

WASHINGTON DC (April 10, 2020) — In response to the unprecedented economic crisis caused by the coronavirus (COVID-19) pandemic, lawmakers have enacted three pieces of legislation that will provide a combined $2.5 trillion of economic relief and support. Actions so far have mostly been timely, temporary, and reasonably well-targeted and tailored to the current crisis. However, discussions of a “phase IV” of economic relief appear to be far less focused.

WASHINGTON DC (April 2, 2020) — On March 31, President Trump suggested that the next phase of economic relief to offset the impact of the coronavirus (COVID-19) pandemic should include $2 trillion of debt-financed infrastructure spending, and lawmakers from both parties have floated infrastructure ideas.

The Congressional Budget Office (CBO) released, on March 30, its analysis of the President’s Fiscal Year (FY) 2021 budget using its own assumptions to evaluate the budget’s policies.