Jan 7, 2021 Update: The tracker does not include the Response & Relief Act, but will be updated as soon as possible. Meanwhile, read "Breaking Down $3.4 Trillion in COVID Relief" (analysis below) for a breakdown of the cost of COVID legislation to date.
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
- Interactive Table
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Research and Analysis
Breaking Down $3.4 Trillion in COVID Relief
With the passage of the Response & Relief Act, Congress has now allocated nearly $4.5 trillion of COVID relief at a net cost of over $3.4 trillion. While we work to update our comprehensive tracker at COVIDMoneyTracker.org, this analysis highlights the major sources of COVID relief.
All but around $15 billion of COVID relief come from four pieces of legislation — the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program and Health Care Enhancement (PPPHCE) Act, and the recently-enacted Response & Relief Act. Of the $3.4 trillion in relief from those four bills, $1.9 trillion results from the CARES Act, $935 billion from the Response & Relief Act, and the remaining $580 billion comes from the other two bills.
What's in the Final COVID Relief Deal of 2020?
Lawmakers passed a new COVID relief deal, which has yet to be signed into law by the President. The deal in many ways resembles recent proposals from a bipartisan group of lawmakers and from Treasury Secretary Mnuchin, both of which cost over $900 billion. Overall, it would be the fifth major bill enacted in response to the COVID pandemic and economic crisis, and the first since April's Paycheck Protection Program and Health Care Enhancement Act.
Under our central estimates, the package will cost about $935 billion and would boost economic output by $625 billion (3 percent of 2021 GDP), which is equivalent to closing the entire estimated output gap for 2021 and almost half of the total estimated output gap through 2023.
COVID Money TrackerRead More Posts
- Breaking Down $3.4 Trillion in COVID Relief (1/7/21)
- How Much Would $2,000 Checks Cost? (12/28/20)
- The Response & Relief Act Would Support the Economic Recovery (12/24/20)
- The Response & Relief Act Would Boost Income To Record Levels (12/24/20)
- The Fiscal Response to COVID-19 Will be Larger than the Great Recession Response (12/22/20)
- What's in the Final COVID Relief Deal of 2020? (12/21/20)