American Recovery and Reinvestment Act

As was mentioned in a previous post, then President-elect Obama presented his ideas for this act in a speech. Since then much has happened;  the House is considering this bill (H.R. 1), while their counterparts in the Senate have placed a version(S.1) on their calendar for consideration. The Congressional Budget Office has released a cost estimate for this act as it was introduced into the House as of January 26. The Senate Finance Committee has released what is known as the Chairman’s Mark(areas for discussion). The White House has made public its own analysis, detailing specific benchmarks and goals to be realized. CRS has issued two relevant reports as well: Economic Stimulus: Issues and Policies, and States and Proposed Economic Recovery Plans. And here is a concise Backgrounder from the Council on Foreign Relations.

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