- Prison Planet.com - http://www.prisonplanet.com -

Stimulus spending at $32 billion monthly

Posted By admin On February 17, 2010 @ 12:44 pm In Money Watch | Comments Disabled

Tami Luhby
CNN Money [1]
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.

Full article here [1]

[2]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/stimulus-spending-at-32-billion-monthly.html

URLs in this post:

[1] CNN Money: http://money.cnn.com/2010/02/16/news/economy/stimulus_one_year_anniversary/index.htm?hpt=T1

[2] Image: http://www.prisonplanet.tv

Copyright © 2013 PrisonPlanet.com. All rights reserved.