How much so far. From Vice President Biden's report.
How much so far. From Vice President Biden's report.
Vice President Joe Biden sent the boss a letter today, the first quarterly progress report on spending the $787 billion stimulus program. After which, the White House sent out a press release with highlights:
— 150,000 jobs have been created or saved
— More than $88 billion dollars has been made available for programs and projects
— Over 3,000 transportation construction projects have been funded in 52 states and territories
— Ninety-five percent of working families have begun seeing the benefits of the Making Work Pay tax credit in their paychecks
— COBRA health insurance premiums have been reduced by 65 percent
— Unemployment benefits have increased by $25 a week
— States have drawn down $15.7 billion in Medical Assistance (FMAP) funds, allowing them to avoid budget cuts
— Thirteen states have qualified for State Fiscal Stabilization Funds to improve education programs and save education-related jobs
But yes, we read the report itself. As of May 5, Biden writes, $28.5 billion "had already been outlaid." After the jump, who's been laying it out.
In the lead: Health and Human Services. From Vice President Biden's report.
In the lead: Health and Human Services. From Vice President Biden's report.
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.