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Stimulus spending at $32 billion monthly

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Tami Luhby
CNN Money
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.

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This article was posted: Wednesday, February 17, 2010 at 12:44 pm





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