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Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
The most visible effect of COVID-19 on the U.S. economy showed up in the abrupt rise in the unemployment rate. In February 2020, before the pandemic hit the economy, the U.S. unemployment rate sat ...
Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, local economies across America still hadn't fully recovered from the effects of the COVID-19 ...
Impact on the greater economy was as of March 17 expected to be large as Americans have in recent years spent more at restaurants than at grocery stores. [4] Lester Jones, chief economist of the National Beer Wholesalers Association , said “This is a very significant and traumatic event for the restaurants, bars, taverns and the industry in ...
A weekly update on the impact of the COVID-19 pandemic on the world economy, and on major individual economies such as the US, China, Japan, other Asian economies, Europe, Australia and New Zealand has been produced by Saul Eslake, one of Australia's best-known economists, since late April 2020. [257]
Four of the five states with the highest shares of population-adjusted deaths over the past month have fully vaccinated less than 60 percent of their populations. 900,000 deaths: America's count ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
California Governor Gavin Newsom tapped business and political leaders including Arnold Schwarzenegger and billionaire Tom Steyer to help jump-start an economy ravaged by the new coronavirus as ...