As part of the American Rescue Plan, the maximum Child Tax Credit (CTC) amount was increased for 2021. Melissa Kearney explains how an expanded CTC or child allowance fits into the U.S. social safety net and argues that it is an inexpensive investment when considering the likely benefits.
Economic growth momentum is weakening across the world, particularly in the U.S. and China—the two major engines of global growth. In an update to the Tracking Indexes for the Global Economic Recovery (TIGER), Eswar Prasad and Aryan Khanna provide a rundown on the status of international economies.
“Digital divides in least developed countries have been particularly salient, as digitally disconnected populations have been left further behind during the pandemic. The U.S. and China, two superpowers in the digital era, should work in tandem with the international community to jointly combat digital divides and COVID-19,” argues Cheng Li.
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