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.
Below is our analysis of enacted legislation and proposals, the economic situation, and tracking COVID-relief dollars as they are spent.
COVID Money Tracker Analysis:
- State & Local Aid is On Its Way, But Is It Needed? (5/18/2021)
- COVID Bills Had Around $650 Billion in Extraneous Policies (4/20/2021)
- Understanding the $1 Trillion in Unspent COVID Relief Funding (3/10/2021)
- What’s New in COVID Money Tracker? (1/27/2021)
- How Much COVID Relief Money Is Left? (1/27/2021)
- Four-Fifths of Stimulus Checks Have Been Sent (1/8/2021)
- Breaking Down $3.4 Trillion in COVID Relief (1/7/2021)
- COVID Money Tracker Insights (11/19/2020)
- Update: COVID-Related State & Local Aid Will Total $280 Billion (10/15/2020)
- COVID Relief Includes $360 Billion of State and Local Aid (9/16/2020)
- $2.2 of $4 Trillion in Fiscal Relief is Out the Door (9/10/2020)
- How Much COVID Relief Have Public and Private Schools Received? (9/1/2020)
- $412 Billion in COVID Funds Are Earmarked for the Health Industry (8/27/2020)
- Welcome to the New COVID Money Tracker (8/17/2020)
- How Much COVID Relief Has Been Spent So Far? (8/17/2020)
- How Much Have States Spent from the Coronavirus Relief Fund? (8/6/2020)
- A July Update on the Paycheck Protection Program (7/10/2020)
- How Does COVID Relief Compare to Great Recession Stimulus? (7/1/2020)
- Over Half the COVID Fiscal Support is Now Out the Door (6/11/2020)
- An Update on the Paycheck Protection Program (5/28/2020)
- 75% of Economic Impact Payments Have Been Paid So Far (5/15/2010)
- Fed Mortgage-Backed Security Purchases Reached a New Record (5/15/2020)
- COVID Response: How Much Money Has Been Made Available So Far? (5/12/2020)
- Is the Fed Buying Our New Debt? (5/11/2020)
- COVID Money Tracker: Paycheck Protection Program (4/30/2020)
- COVID Money Tracker: Airline Worker Support (4/29/2020)
- The COVID-19 Recession Is Unfolding Faster than the Great Recession – and So Is the Response (4/21/2020)
Summaries of Enacted Legislation:
- What's in the Final COVID Relief Deal of 2020? (12/21/2020)
- Summaries of Minor Legislation (last bill enacted 7/13/2020)
- Paycheck Protection Program Flexibility Act Signed Into Law (6/8/2020)
- What's in the Fourth Coronavirus Package? (4/22/2020)
- What's in the $2 Trillion Coronavirus Relief Package? (Updated 4/21/2020)
- Families First Coronavirus Response Act Will Cost $192 Billion (4/6/2020)
- A Visualization of the CARES Act (3/27/2020)
- Lawmakers Release Emergency Funding Request on Coronavirus (3/4/2020)
Analysis and Estimates of Proposals:
- American Rescue Plan Could Set Stage for $4 Trillion of Debt (3/5/2021)
- Four Key Elements of the American Rescue Plan (2/24/2021)
- Five Ways to Improve the House COVID Relief Package (2/22/2021)
- What's in the $1.9 Trillion House COVID Relief Bill? (2/18/2021)
- State and Local Governments Do Not Need Half a Trillion in COVID Relief (2/17/2021)
- President Biden's $1.9 Trillion COVID Plan vs. the GOP $618 Billion Plan: A Comparison (2/10/2021)
- Biden to Unveil $1.9 Trillion COVID Response Plan (1/14/2021)
- Would $2,000 Stimulus Checks Go to Six-Figure Households? (12/30/2020)
- How Much Would $2,000 Checks Cost? (12/28/2020)
- What’s in the Bipartisan COVID Relief Bill? (12/16/2020)
- What's in the $550 Billion Senate Relief Package? (12/4/2020)
- What's in the $908 Billion Bipartisan Stimulus Proposal? (12/2/2020)
- How Much Would President Trump's Executive Orders Cost? (8/8/2020)
- Comparing the Heroes and HEALS Acts (8/7/2020)
- What's in the $1.1 Trillion HEALS Act? (7/29/2020)
- What's in the $3 Trillion HEROES Act? (5/27/2020)
- Bernie Sanders's Coronavirus Relief Package (4/7/2020)
- How Much Would Sending People Checks Cost? (3/19/2020)
- How Much Would Suspending the Payroll Tax Cost? (3/11/2020)
Economic and Fiscal Projections:
- COVID Relief Lifted Personal Income to Record Levels (5/6/2021)
- CBO Releases New Long-Term Budget Projections (2/16/2021)
- Analysis of CBO's February 2021 Budget and Economic Outlook (2/11/2021)
- How Much Would the American Rescue Plan Overshoot the Output Gap? (2/3/2021)
- America Faces a $380 Billion Output Gap (2/1/2021)
- What Do Today's GDP Numbers Tell Us About the Output Gap? (1/28/2021)
- The Response & Relief Act Would Boost Income To Record Levels (12/24/2020)
- The Response & Relief Act Would Support the Economic Recovery (12/24/2020)
- The Fiscal Response to COVID-19 Is Now Larger than the Great Recession Response (12/22/2020)
- Could a COVID Relief Deal Close the Output Gap? (12/10/2020)
- Did GDP Fall by One-Third? (7/30/2020)
- Income Has Risen Through the COVID Recession But That May Soon Change (7/20/2020)
- How Big Should the Next COVID Package Be? (7/15/2020)
- CBO Releases New Economic Projections (7/2/2020)
- Updated Budget Projections Show Fiscal Toll of COVID-19 Pandemic (6/24/2020)
- New Projections: Debt Will Exceed the Size of the Economy This Year (4/13/2020)
- CBO Releases Interim Economic Projections (5/20/2020)
- CBO Updates Economic Baseline in Wake of COVID-19 (4/2/2020)
Press Releases and Op-Eds:
- Committee Reacts to House Passage of American Rescue Plan (3/9/2021)
- Committee Response to Senate-Passed American Rescue Plan (3/6/2021)
- House-Approved COVID Relief Bill Could Use Improvements in Senate (2/27/2021)
- COVID Relief Bill Losing Focus as Details Emerge (2/17/2021)
- CBO Debt Baseline Emphasizes Need to Better Target COVID Relief Bill (2/11/2021)
- Building a Responsible COVID Relief Package (2/10/2021)
- New CBO Data Makes Case for More Targeted COVID Relief Plan (2/1/2021)
- Maya MacGuineas Testifies at Senate COVID-19 Fiscal Oversight Hearing (7/28/2020)
- Maya MacGuineas Joins C-SPAN to Discuss Tax Policy and Coronavirus Relief (7/14/2020)
- COVID Money Tracker Launches to Enhance Transparency (4/20/2020)
Webinars and Chartbooks:
- Marc Goldwein: The Prescription: Fiscal Policy for the COVID-19 Economy (3/10/2021)
- Virtual Event: What Can You Do With Reconciliation? (2/11/2021)
- Follow the Money: Tracking COVID (8/20/2020)
- Webinar & Chartbook: Where Does the Next Phase of COVID Relief Stand? (8/4/2020)
- Webinar & Chartbook: What's the Status of Covid Relief Money? (6/2/2020)
- Chartbook: The COVID-19 Crisis and Federal Response (5/22/2020)
- The $6 Trillion Dollar Question – Who Will Buy Our Debts? (5/8/2020)
- Unpacking the Next Phase of COVID Relief (4/21/20)
- Everything You Wanted to Know About the Coronavirus Relief Package (4/6/2020)