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... pay interest on outstanding debt, leaving fewer resources for other budgetary needs. This creates a feedback loop where debt drives further costs. COVID-19 Pandemic Response The pandemic had a profound impact on the global economy, prompting the U.S. government to implement extensive support measures, including: Direct Payments: Stimulus checks helped stabilize consumer demand during economic shutdowns. Small Business Loans and Subsidies: Targeted support for small and medium-sized businesses helped prevent closures but expanded ...

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