March 4, 2010
Part of Obama’s goal with the $787 billion stimulus package, also known as the American Recovery and Reinvestment Act, was to aim federal dollars and stimulate the economy in areas that have been hardest hit by the recession. The Act was intended to preserve and create jobs and promote economic recovery to assist those most impacted by the recession.
October 15, 2009
On October 15, 2009, the government will release the first quarterly round of spending data from
the American Recovery and Reinvestment Act (“ARRA”). The data disclosed will be for federal
contracts awarded from the ARRA, and will specifically publicize the jobs created by these
contracts. The data will be reported on www.recovery.gov. Much more data will be released on
October 30th.
March 1, 2010
February 17, 2010
Today marks one year since the American Recovery and Reinvestment Act (ARRA) was signed into law. An analysis by Advancement Project, a national civil rights organization, of state ARRA fund allocations in 2009 and their diversity levels reveals states with greater racial and ethnic diversity received less funds in 2009. The range for ARRA spending per state resident starts at a low of $491 in Florida and goes to a high of $2289 in Alaska.
February 17, 2010
The American Recovery and Reinvestment Act (ARRA) was signed into law almost exactly one year ago, on February 17, 2009. The impetus of this $787 billion economic stimulus package was to stem the economic crisis and soften the recession. The ways in which stimulus funds are to achieve these goals are expressly directed by ARRA, including: “to preserve and create jobs and promote economic recovery [and] to assist those most impacted by the recession.”
