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
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Trillions of Dollars

Federal Reserve Actions

$7.1 $7.1 trillion
$4.0 $4.0 trillion

Legislative Actions

$5.7 $5.7 trillion
$4.9 $4.9 trillion

Administrative Actions

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

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.

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Research and Analysis

State and Local Aid

State and Local Governments Flush with Cash

The Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021. Receipts are 23 percent above pre-pandemic levels and roughly 16 percent above their pre-pandemic trend in the three-month period from July through September, thanks to massive federal transfer payments from COVID relief legislation and a strong economic recovery. Non-interest state and local government spending meanwhile is just 5 percent above trend. 

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Student Loans

It’s Time to Wind Down the Student Loan Moratorium

The Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan borrowers do not need to make payments and interest does not accrue.

This policy was originally started in March 2020 to help borrowers with economic hardship as a result of the COVID-19 pandemic. If it ends in January as scheduled, it will have lasted for 22 months and cost the federal government nearly $100 billion. While the moratorium has provided needed relief to some, it has disproportionately benefited highly-educated, high-income borrowers who have seen their wealth and incomes rise over the course of the pandemic.

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