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May 2, 2023
In Next Recession, Don’t Let Uncle Sam Be Uncle Sucker Again
Following recent bank failures, expectations for a recession have revived. If unemployment rises significantly, Congress will likely re-open its stimulus policy playbook — including by extending unemployment benefits. Yet given an increased focus on containing federal spending, there could be constraints on how much Congress provides. How can policymakers best target future federal aid? They should start by ensuring…