Rescue Act: Four Key Questions
Share: I. How much of the $1.9 trillion is spent in fiscal year 2021? Approximately $1.2 trillion of the $1.9 trillion package, or 63% of the expenditures, will come in fiscal year 2021, ending September 30, as estimated by the non-partisan U.S. Congressional Budget Office (CBO), which is charged with putting a price tag on all Congressional legislation. In fiscal year 2022, another $400 billion will be spent. The fiscal economic rescue package has many different types of spending programs, and not all proceed at the same pace. Over 90% of the direct payments to individuals ($415 billion) and...
Source: benzinga.com