american recovery and reinvestment act News

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Stimulus Provided Large Jobs Boost, Says CBO Report

(Nov. 24) -- Here is one thing you can be thankful for: The heavily criticized American Recovery and Reinvestment Act generated a rise of between 1.4 and 4.1 percent in national output from July to September, according to a report from the nonpartisan Congressional Budget Office. With the unemployment rate still at the...

How a Poorer America Is Holding Back the Recovery

(Sept. 16) -- The nation's epidemic unemployment knocked nearly 4 million more Americans into poverty last year, swelling the ranks of the poor to the largest number in at least half a century. And if the depth of the pain wrought by the financial crisis is already familiar, what's emerging is a new picture of how that...

Change Index: Obama's 5 Most Far-Reaching Accomplishments to Date

(July 21) -- On Tuesday, President Barack Obama signed a new financial reform bill into law, the culmination of a two-year struggle to fundamentally alter how Wall Street does business in the wake of the 2008 economic crisis. Surge Desk's Dana Chivvis earlier highlighted the main changes the law will herald for consumers...

Opinion: Washington's Phony Stimulus Debate

(July 9) -- A recent Los Angeles Times headline seems to say it all: "With federal stimulus funds running out, economic worries grow." It's but one of a running series of articles and commentaries about the alleged dangers of the stimulus drying up just as the economy is softening. Here are some more. Time: "Do We...

Stimulus Anniversary: What the Numbers Say

(Feb. 17) -- So how much did the stimulus help the economy? President Barack Obama hailed the one-year anniversary of the American Recovery and Reinvestment Act on Tuesday, arguing that the massive stimulus package averted a depression and is "one of the main reasons the economy has gone from shrinking by 6 percent to...

Background on american recovery and reinvestment act

The American Recovery and Reinvestment Act of 2009, abbreviated ARRA () and commonly referred to as the Stimulus or The Recovery Act, is an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama.

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