Highlights from Quarterly Progress Report on Stimulus Plan

KnowNOW!

Global Economic Watch

Syndication

Recent Posts

Tags

Archives

Vice President Biden released his Quarterly Report to the President on Progress Implementing the American Recovery and Reinvestment Act of 2009--a.k.a. an update on the stimulus package.  The Vice President put a heavy emphasis on jobs "created or saved."  So far, according to the report, the stimulus plan has created or saved 150,000 jobs in 77 days, and Biden expects another 600,000 jobs to be created or saved in the next 100 days.  

Health and Human Services and the Education Department have received the most in government outlays from the stimulus plan:

The Biden report also emphasizes that states made good use of the provision allowing them to draw down Medical Assistance (of FMAP) funds.  All told, states drew down $15.7 billion of FMAP funds and that "has allowed them to avoid further cuts in budgets that were already under serious strain," the report states.  Here is the state by state breakdown:

You can read the full report here.  


Posted 05-14-2009 9:47 AM by Graham Griffith
You must login to your account to comment. If you do not have an account, please register to enjoy the full benefits of the site!