Note: Our Committed/Disbursed amount for the American Rescue Plan may lag in the short-term as data continues to be made available and incorporated into the tracker.
COVID Money Tracker
Explore the data and track the trillions of dollars of federal spending, tax cuts, loans, grants, and subsidies authorized and disbursed in the wake of the coronavirus pandemic and economic crisis.
Tracking the COVID Response
Federal Reserve Actions
Track the COVID Money
In response to the COVID-19 pandemic and economic crisis, policymakers have approved trillions of dollars of fiscal and monetary support. Use the table below to explore how those dollars have been allocated and disbursed or view this information through our interactive visualization.
Research and Analysis
Breaking Down $800 Billion in Economic Impact Payments
The Internal Revenue Service (IRS) recently published summary statistics for the three rounds of Economic Impact Payments (EIPs) paid through early June from the CARES Act, Response & Relief Act, and the American Rescue Plan. The three rounds of advanced recovery rebate tax credits have provided over $800 billion of direct relief to households and individuals, helping to propel personal income over the course of the pandemic to record levels.
State and Local Aid
State & Local Aid is On Its Way, But Is It Needed?
The Department of Treasury recently issued guidelines for the allocations of $350 billion of direct state and local aid funds in the American Rescue Plan (ARP). We estimate roughly $235 billion will be issued in May, and $115 billion in a second tranche next year.
In total, Congress has allocated around $900 billion to state and local governments and entities through various COVID relief bills. According to the Bureau of Economic Analysis (BEA), total state and local revenue last quarter was roughly 7 percent above pre-pandemic levels before accounting for federal aid and 11 percent higher inclusive of federal aid. Declines in COVID cases, economic recovery, and additional aid is likely to lift state and local revenue collections even further.
COVID Money TrackerRead More Posts
- It’s Time to Wind Down the Student Loan Moratorium (8/16/21)
- Breaking Down $800 Billion in Economic Impact Payments (8/4/21)
- Over Half of States Ending Federal Unemployment Benefits Early (6/23/21)
- COVID Relief Continues to Bolster Personal Income (6/8/21)
- State & Local Aid is On Its Way, But Is It Needed? (5/18/21)
- COVID Relief Lifted Personal Income to Record Levels (5/6/21)