Many forecast the economy could shrink in the first three months of 2021 without more help. The Federal Reserve has said it would like the emergency programs to continue operating until the economic crisis has ended. Marianne LeVine, Caitlin Emma and Victoria Guida contributed to this report. Standard & Poors said in a report Tuesday that the economy would be 1.5 percentage points smaller in 2021 without more aid. ADVERTISEMENTAs we navigate through an unprecedented economic crisis, it is in the interests of the American people to maintain the Feds ability to respond quickly and forcefully, said Biden economic adviser Brian Deese.
The economic report distributed also stated that the cumulative deficit for the first 3 months of the year is about $2.05 billion.
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The economic report distributed also stated that the cumulative deficit for the first 3 months of the year is about $ 2.05 billion .
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