Recovery Act Of 2009?

In 2009, the government had approved a heavy amount of $787 billion (under Recovery Act of 2009).

What was the importance of the National Recovery Act (NRA)? How did the national Recovery Act Of 2009 affect the US as a whole?

asked by Joshua in Politics | 1920 views | 01-28-2010 at 12:38 PM

The American Recovery and Reinvestment Act of 2009, abbreviated ARRA is an economic stimulus package enacted by the 111th United States Congress in February 2009.
This package is the first crucial step in a concerted effort to create 3 to 4 million jobs, jumpstart our economy, and begin the process of transforming the economy for the 21st century with $275 billion in economic recovery tax cuts and $550 billion in thoughtful and carefully targeted priority investments with unprecedented accountability measures built in.

The measures are nominally worth $787 billion.

With reports on federal economic stimulus spending online in the last six months, the most progress was made by the state governments in Kentucky, Illinois, Minnesota and Utah.

answered by Alex | 01-28-2010 at 01:02 PM

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