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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pande...
Following the Soviet Union's collapse and the end of the Cold War in 1991, the U.S. emerged as the world's sole superpower, wielding significant geopolitical influence globally. The U.S. national government is a presidential constitutional federal republic and liberal democracy with three separate branches: legislative, executive, and judicial.
The United States is a highly developed mixed economy.[41][42][43] It is the world's largest economy by nominal GDP; it is also the second largest by purchasing power parity (PPP), behind China.[44] It has the world's sixth highest per capita GDP (nominal) and the eighth highest per capita GDP (PPP) as of 2024.[10] The U.S. accounted for 26% ...
George Washington, the first president of the United States As the nation's first president, George Washington established many norms that would come to define the office.[29] [30] His decision to retire after two terms helped address fears that the nation would devolve into monarchy, [31] and established a precedent that would not be broken until 1940 and would eventually be made permanent by ...
U.S. recessions have increasingly affected economies on a worldwide scale, especially as countries' economies become more intertwined. The unofficial beginning and ending dates of recessions in the United States have been defined by the National Bureau of Economic Research (NBER), an American private nonprofit research organization.
Causes of the crisis included predatory lending in the form of subprime mortgages to low-income homebuyers and a resulting housing bubble, excessive risk-taking by global financial institutions, [1] and lack of regulatory oversight, which culminated in a "perfect storm" that triggered the Great Recession, which lasted from late 2007 to mid-2009.
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
