Departments & Agencies




Federal Stimulus News from Around the Nation
9/24/2009 - whatsnew-What’s New: Mapping that shows Recovery projects in your state or zip code.
9/24/2009 - rdg_capitol - Find out about the Recovery Act and how Recovery.gov tracks Recovery spending for the American taxpayers.
9/16/2009 - Estimated $625 BinTax Relief From the Recovery Act - The Office of the Treasury estimates that $62.5 billion in tax relief will have been made available by the end of the August 2009.
9/9/2009 - Clean Water Upgrades - Hazleton City Authority, PA has started an upgrade of its drinking water system as the result of a $12.5 Recovery Grant.
9/9/2009 - NM I40 Reconstruction - $14.8 million in Recovery funds are being used to reconstruct I-40 in Albuquerque, creating 78 jobs.
 

What is the American Recovery and Reinvestment Act (ARRA)


      The American Recovery and Reinvestment Act of 2009, abbreviated ,ARRA Pub. 111-5, is an economic stimulus package enacted by the 111th United States Congress in February 2009. The Act of Congress was based largely on proposals made by President BarackObama and was intended to provide a stimulus to the U.S.economy in the wake of the economic downturn. The measures are nominally worth $787 billion. The Act includes federal tax cuts, expansion of un employment benefits and other social welfare provisions, and domestic spending in education, health care, and infrastructure, including the energy sector. The Act also includes numerous non-economic recovery related items that were either part of longer-term plans (e.g. a study of the effectiveness of medical treatments) or desired by Congress (e.g. a limitation on executive compensation in federally aided banks added by Senator Dodd and Rep.Frank). The government action is much larger than the Economic Stimulus Act of 2008, which consisted primarily of tax rebate checks.

President Barack Obama lays out the challenges that face us in the New Year, and his plan for taking them on.

“We need an American Recovery and Reinvestment Plan that not only creates jobs in the short-term but spurs economic growth and competitiveness in the long-term,” he says. “And this plan must be designed in a new way—we can’t just fall into the old Washington habit of throwing money at the problem. We must make strategic investments that will serve as a down payment on our long-term economic future. We must demand vigorous oversight and strict accountability for achieving results. And we must restore fiscal responsibility and make the tough choices so that as the economy recovers, the deficit starts to come down. That is how we will achieve the number one goal of my plan—which is to create three million new jobs, more than eighty percent of them in the private sector.”

President Barack Obama on how the stimulus funds are reviving the community.



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