Stimulus

WH Reports 640,329 Jobs Created / Saved

Friday, October 30, 2009

Vice Pres. Biden announced that stimulus funding projects have saved or created over 640,000 jobs in the past eight months. Of the $787 billion recovery package, about $340 billion has been either obligated or distributed.

Recent Programs

GAO Releases Report on States & Stimulus: One Year Later The Gov't Accountability Office released a new report on states' use of stimulus funds, one year after the passage of the Recovery Act. This is the fifth in a series of reports on 16 selected states. Also, a group of Democratic senators asked the Treasury Dept. to suspend a clean-energy grant program in the stimulus law that has paid out more than $1 billion to foreign manufacturers.
Washington, DC
read GAO Report    read Vice President Biden’s Reaction    read Senators' Statement

About This Page

The $787 Billion American Recovery and Reinvestment Act of 2009 (ARRA) was signed into law by President Obama on February 17th, 2009. Known as the economic stimulus law, it was passed to jumpstart the U.S. economy as well as to save and create more than 3.5 million jobs over the next two years.

Recovery Progress Report:
As of March 2, $345.9 billion of the $787 billion stimulus has been committed to states; $194.9 billion has been paid out.

This website contains news conferences, hearings and Congressional debates on the stimulus as well as links to government and watchdog groups who are tracking spending.

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