Understanding Fiscal Policy: Tax Rates vs. Public Spending

Discover how fiscal policy balances tax rates and government spending to influence economic growth, employment, and inflation. Learn its impact on different demographic groups.
abc7NY

US recession began in February in the face of coronavirus pandemic, economists say

WASHINGTON -- The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record. The economists said ...
Reuters

Canadian economic recovery to be weaker as COVID-19 cases resurge

BENGALURU, Oct 22 (Reuters) - The Canadian economic recovery from the coronavirus recession will be significantly slower than previously thought, with a high risk a resurgence in cases will halt the ...
Reuters

Latin America's recovery in doubt as fiscal worries mount, confidence wanes

BUENOS AIRES, Oct 20 (Reuters) - Latin America's tentative economic recovery from the coronavirus-related recession faces increasing doubts over gigantic budget gaps and dwindling investor confidence, ...
ABC7

Coronavirus: Newsom labels California's economic crisis a 'pandemic-induced recession' announces economic recovery advisory group

SACRAMENTO, Calif. (KABC) -- Amid an announcement Friday of 3.1 million people filing for unemployment in California in the past month, Gov. Gavin Newsom labeled the state's economic crisis a ...
Gotham Gazette

Coronavirus Recession Makes New York City Rainy Day Fund More Urgent, Watchdogs and Legislators Say

As Mayor Bill de Blasio desperately searches for solutions to the city’s financial woes caused by the coronavirus outbreak, lawmakers and fiscal watchdogs are advocating for legislation that, had it ...
ABC 7 Chicago

Coronavirus could drive the U.S. into a recession, economist says

FRESNO, Calif. -- The new coronavirus is not just a risk to your health but it could drive the economy into a recession. "The first initial impact will be to the big businesses themselves, then it ...