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More Than $125 Billion In Stimulus Funds Still Not Paid Out

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Penny Starr
CNS News
Aug 4, 2011

Billions of dollars in stimulus funds have not been paid out, according to a government Web site that tracks the $787 billion approved by Congress to fund the American Recovery and Reinvestment Act of 2009.

The distribution of those funds is detailed in the “Overview of Funding” section of the Recovery.gov Web site.

The data, said to be valid as of July 22, shows that a total of $125.8 billion remains to be distributed in three categories of funding.

In the tax benefits category, $259.9 billion of the $288 billion allotted has been paid out, leaving 28.1 billion unpaid. In the contracts, grants and loan category, of the $275 billion allotted, $217.5 billion has been paid out, leaving $60.5 billion remaining. Under entitlements, $224 billion has been paid out, with $37.2 billion yet to be distributed.

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This article was posted: Thursday, August 4, 2011 at 3:01 am





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