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The Elementary and Secondary School Emergency Relief Fund, also known as ESSER. is a $190 billion program created by the U.S. federal government's economic stimulus response bills, the Coronavirus Aid, Relief, and Economic Security Act (), Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021 (ARP Act), passed by the 116th and 117th U.S. Congress.
The Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability Insurance benefits by way of trust funds. When the program runs a surplus, the excess funds increase the value of the Trust Fund. As of 2021, the Trust Fund contained (or alternatively, was owed) $2.908 trillion. [4]
Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management. Founded in Los Angeles, California in 1931, it is privately held and has offices around the globe in the Americas, Asia, Australia and Europe .
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New America. New America, formerly the New America Foundation, is a liberal think tank in the United States founded in 1999. [2] [3] [4] It focuses on a range of public policy issues, including national security studies, technology, asset building, health, gender, energy, education, and the economy. The organization is based in Washington, D.C ...
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