The novel coronavirus (COVID-19) pandemic has led to an unprecedented economic and public health crisis, but also an unparalleled response. Already, policymakers have approved trillions of dollars of spending, tax cuts, loans, grants, subsidies, and other measures through legislation, executive action, and the Federal Reserve.
With such large commitments, the public deserves to know how their dollars are being spent. COVID Money Tracker will track every significant financial action taken to address the current crisis and then follow the dollars over time to provide valuable information on how much has been disbursed (or paid back) and to whom. The Committee for a Responsible Federal Budget filled this same role during the 2008-2010 financial crisis through Stimulus.org, where we tracked stimulus, financial rescue, and extraordinary Federal Reserve measures.
The COVID Money Tracker project will produce papers, blogs, spreadsheets, and data visualizations, as well as our interactive database where users can search, sort, and track the actions taken and dollars disbursed in the current crisis.
All of our data is updated regularly – using official data sources and our own methodology and is available for download. We are also working to develop an additional tool which will offer more entity-level data to allow users to explore recipients of Paycheck Protection Program loans and various other government programs targeted at companies, universities, hospitals, and other institutions.
Welcome to the new and improved COVID Money Tracker.