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

$0
$1
$2
$3
$4
$5
$6
$7
Trillions of Dollars

Federal Reserve Actions

$6.5 $6.5 trillion
$3.5 $3.5 trillion

Legislative Actions

$5.9 $5.9 trillion
$4.5 $4.5 trillion

Administrative Actions

$0.9 $0.9 trillion
$0.7 $0.7 trillion
Amount Disbursed / Committed
Amount Allowed
Latest Deficit Projections
Interactive Table
Visualization

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.

Explore Visualization

Research and Analysis

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.

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COVID Waste

COVID Bills Had Around $650 Billion in Extraneous Policies

We estimate nearly $650 billion of extraneous measures were part of or attached to COVID relief bills. Net of offsets, the cost was over $500 billion. Many policies were long-standing priorities developed long before the pandemic and not designed to address it. Based on this definition, we identified:

  • $155 billion to weaken the Tax Cuts and Jobs Act’s base broadening

  • $146 billion of additional tax breaks and extenders

  • $143 billion of tax credit expansions

  • $81 billion to support a private pension bailout 

  • $56 billion of Affordable Care Act expansions

  • $30 billion of extraneous agency appropriations

  • $38 billion of additional extraneous spending measures

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