Feb 17 2010
Wednesday marks the one-year anniversary of the stimulus bill, and from here on out the pace of spending should pick up, according to administration officials.
The federal government expects to distribute $32 billion in Recovery Act funds per month, up from an average $27 billion a month over the past year, according to Vice President Joe Biden, who will release his annual stimulus progress report on Wednesday.
“…the year ahead will see a capitalizing on an inventory of work that is awarded and “ready to go”,” according to the report.
The report comes on the one-year anniversary of the largest economic stimulus program in the nation’s history. The controversial $787 billion program has elicited both praise and scorn from many sectors of the country.
This article was posted: Wednesday, February 17, 2010 at 12:44 pm