Yale School of Management

Posts by Stimulus

Congress Passes the $1.9 Trillion American Rescue Plan Act

March 12, 2021
On Thursday, President Biden signed the nearly $1.9 trillion American Rescue Plan (ARP) Act into law. The relief package contains additional direct payments to households, enhanced unemployment insurance benefits, tax relief for households, $350 billion in state and local government aid, and $170 billion to schools and universities. Continue reading “Congress Passes the $1.9 Trillion American Rescue Plan Act ”

President-Elect Joe Biden Releases $1.9 Trillion American Rescue Plan

January 19, 2021
On January 14, President-elect Joseph Biden released a $1.9 trillion rescue plan that would provide significant assistance to individuals and families, states and localities, schools and universities, and small businesses. The proposal specifically calls for additional direct payments to households, a permanent increase of the federal minimum wage to $15 an hour, extended unemployment insurance benefits, tax relief for households, $350 billion in state and local government aid, $170 billion to schools and universities, $70 billion for COVID testing and vaccine program, and $50 billion for small businesses.  Continue reading “President-Elect Joe Biden Releases $1.9 Trillion American Rescue Plan”

Congress Passes Additional $908 Billion Stimulus Bill

December 22, 2020
Both houses of Congress quickly passed a new coronavirus-related economic relief package with widespread bipartisan support in the late hours of December 21. The new stimulus legislation, estimated at $908 billion, includes further funds for the Paycheck Protection Program and other small business relief, another round of direct payments to households, extended unemployment benefits, and further support for airlines.  Continue reading “Congress Passes Additional $908 Billion Stimulus Bill”

European Council finalizes Multiannual Financial Framework and Additional COVID-19 Response Measures

August 13, 2020
On July 21, the European Council unveiled its latest plans for the region’s economic recovery from the ongoing COVID-19 crisis. The hotly debated package contains approximately €1.8 trillion in assistance for EU member states. Council members redesigned and reiterated the package multiple times since discussions began back in late April (see here).  Continue reading “European Council finalizes Multiannual Financial Framework and Additional COVID-19 Response Measures”