Friday, October 1, 2010

Report gives stimulus package high marks

Report gives stimulus package high marks

The massive economic stimulus package President Obama pushed through Congress last year is coming in on time and under budget - and with strikingly few claims of fraud or abuse - according to a White House report to be released Friday.

The report shows that the administration has met that target, spending $551 billion of the original $787 billion. That figure includes $242 billion in tax breaks to families and businesses and $232 billion in payments to states, unemployed workers and other victims of the recession, the report says. The administration has also written $77 billion in checks for thousands of public works projects, with an additional $127 billion unspent but committed, the report says.

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