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 ...
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 ...