Fiscal Times
The Fiscal Times (TFT) is an English-language digital news, news analysis and opinion publication based in New York, NY and Washington, D.C., founded and initially funded in 2010 by Peter G. Peterson, founder of the Peter G. Peterson Foundation.
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http://en.wikipedia.org/wiki/Fiscal_Times
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Taxing and spending policies provided a huge boost to the economy during the first few months of the coronavirus pandemic, according to the newly updated Hutchins Center Fiscal Impact Measure (FIM) from the Brookings Institution.
Fiscal policy increased GDP growth by 14.6% on an annualized basis during the second quarter of 2020, Brookings’ David Wessel said, providing a substantial cushion for an economy that contracted at an annualized rate of 32.9%.
The data illustrate “how much worse the decline would have been if not for federal fiscal policy,” Wessel said, adding that the second quarter saw “the highest level of the FIM since 1973, the earliest year for which we have data.”