05012016Sun
Last updateFri, 29 Apr 2016 5pm

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Stimulus Funds Effective Despite Bureaucracy and Waste

The American Reinvestment and Recovery Act, enacted in February 2009, is the Obama administration's stimulus package to save and revive the American economy, which at the time was in the throes of what is now being called the Great Recession. In tax breaks and spending the stimulus totaled in the neighborhood of $800 billion, about half of which has yet to be spent or granted.

Source: International Business Times

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